iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Time to Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw an uptick in trading volume on Tuesday . 486,475 shares traded hands during mid-day trading, an increase of 256% from the previous session’s volume of 136,780 shares.The stock last traded at $51.70 and had previously closed at $51.73.

iShares AAA CLO Active ETF Price Performance

The stock’s 50 day moving average is $51.87 and its two-hundred day moving average is $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2195 per share. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cary Street Partners Financial LLC acquired a new position in shares of iShares AAA CLO Active ETF during the 4th quarter worth approximately $1,631,000. Concourse Financial Group Securities Inc. lifted its stake in iShares AAA CLO Active ETF by 13.0% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 83,782 shares of the company’s stock valued at $4,349,000 after purchasing an additional 9,659 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares AAA CLO Active ETF during the fourth quarter valued at $26,000. IFP Advisors Inc raised its stake in shares of iShares AAA CLO Active ETF by 1.3% during the fourth quarter. IFP Advisors Inc now owns 14,876 shares of the company’s stock valued at $770,000 after acquiring an additional 194 shares during the last quarter. Finally, PSI Advisors LLC raised its stake in iShares AAA CLO Active ETF by 76.2% during the fourth quarter. PSI Advisors LLC now owns 916 shares of the company’s stock worth $47,000 after buying an additional 396 shares during the last quarter.

iShares AAA CLO Active ETF Company Profile

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.