Ferguson Shapiro LLC Has $6.04 Million Stake in VanEck CLO ETF (NYSEARCA:CLOI)

Ferguson Shapiro LLC boosted its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 50.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,129 shares of the company’s stock after purchasing an additional 38,408 shares during the period. VanEck CLO ETF comprises 2.4% of Ferguson Shapiro LLC’s portfolio, making the stock its 8th largest holding. Ferguson Shapiro LLC owned about 1.87% of VanEck CLO ETF worth $6,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLOI. Commonwealth Equity Services LLC boosted its position in VanEck CLO ETF by 24.1% in the second quarter. Commonwealth Equity Services LLC now owns 10,285 shares of the company’s stock worth $544,000 after purchasing an additional 2,000 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in VanEck CLO ETF during the second quarter valued at approximately $251,000. Trademark Financial Management LLC grew its position in VanEck CLO ETF by 45.0% during the second quarter. Trademark Financial Management LLC now owns 22,249 shares of the company’s stock valued at $1,178,000 after buying an additional 6,902 shares during the period. Ameritas Advisory Services LLC increased its holdings in VanEck CLO ETF by 7.9% during the second quarter. Ameritas Advisory Services LLC now owns 9,072 shares of the company’s stock valued at $480,000 after buying an additional 663 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in VanEck CLO ETF in the second quarter worth approximately $227,000.

VanEck CLO ETF Price Performance

Shares of CLOI stock opened at $52.73 on Wednesday. VanEck CLO ETF has a 1 year low of $51.86 and a 1 year high of $53.03. The firm has a fifty day moving average price of $52.85 and a 200-day moving average price of $52.76.

VanEck CLO ETF Profile

The VanEck CLO ETF (CLOI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in collateralized loan obligations (CLOs) of any maturity. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency.