Maridea Wealth Management LLC acquired a new stake in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 172,765 shares of the company’s stock, valued at approximately $9,117,000. VanEck CLO ETF comprises about 2.9% of Maridea Wealth Management LLC’s portfolio, making the stock its 7th biggest position.
Several other institutional investors and hedge funds also recently made changes to their positions in CLOI. Redhawk Wealth Advisors Inc. bought a new position in VanEck CLO ETF during the 4th quarter worth approximately $49,816,000. Capital Investment Advisors LLC boosted its position in shares of VanEck CLO ETF by 53.2% during the fourth quarter. Capital Investment Advisors LLC now owns 926,487 shares of the company’s stock worth $48,891,000 after purchasing an additional 321,765 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of VanEck CLO ETF during the fourth quarter worth $12,206,000. Brookstone Capital Management bought a new stake in shares of VanEck CLO ETF in the 4th quarter valued at $12,051,000. Finally, LPL Financial LLC increased its holdings in shares of VanEck CLO ETF by 19.8% in the fourth quarter. LPL Financial LLC now owns 855,783 shares of the company’s stock worth $45,160,000 after acquiring an additional 141,573 shares in the last quarter.
VanEck CLO ETF Stock Up 0.1 %
Shares of CLOI opened at $52.85 on Friday. The firm’s 50 day moving average price is $52.97 and its two-hundred day moving average price is $52.96. VanEck CLO ETF has a twelve month low of $52.51 and a twelve month high of $53.21.
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.
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