iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw unusually-strong trading volume on Wednesday . Approximately 121,267 shares were traded during trading, an increase of 38% from the previous session’s volume of 88,070 shares.The stock last traded at $51.76 and had previously closed at $51.78.

iShares AAA CLO Active ETF Trading Down 0.1 %

The firm’s 50-day moving average price is $51.85 and its 200 day moving average price is $51.85.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.2605 per share. The ex-dividend date is Monday, December 2nd.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CLOA. First Horizon Advisors Inc. bought a new position in iShares AAA CLO Active ETF in the 2nd quarter valued at about $60,000. LGT Financial Advisors LLC bought a new position in iShares AAA CLO Active ETF in the 2nd quarter valued at about $114,000. Chris Bulman Inc bought a new position in iShares AAA CLO Active ETF in the 2nd quarter valued at about $147,000. SigFig Wealth Management LLC bought a new position in iShares AAA CLO Active ETF in the 2nd quarter valued at about $237,000. Finally, Freestate Advisors LLC bought a new position in iShares AAA CLO Active ETF in the 3rd quarter valued at about $258,000.

About iShares AAA CLO Active ETF

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.