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

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw unusually-strong trading volume on Thursday . Approximately 1,586,703 shares changed hands during mid-day trading, an increase of 240% from the previous session’s volume of 466,438 shares.The stock last traded at $51.8950 and had previously closed at $51.83.

iShares AAA CLO Active ETF Stock Performance

The stock has a 50-day moving average price of $51.80 and a 200-day moving average price of $51.83.

iShares AAA CLO Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.2264 per share. This is a positive change from iShares AAA CLO Active ETF’s previous monthly dividend of $0.21. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 5.2%.

Institutional Trading of iShares AAA CLO Active ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Trust Co. NA acquired a new position in iShares AAA CLO Active ETF in the third quarter worth $30,000. First Horizon Advisors Inc. boosted its holdings in shares of iShares AAA CLO Active ETF by 51.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 581 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the period. Imprint Wealth LLC bought a new stake in shares of iShares AAA CLO Active ETF during the 3rd quarter valued at about $67,000. Huntington National Bank raised its stake in iShares AAA CLO Active ETF by 30.5% during the second quarter. Huntington National Bank now owns 2,593 shares of the company’s stock worth $135,000 after acquiring an additional 606 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares AAA CLO Active ETF by 93.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,810 shares of the company’s stock worth $198,000 after acquiring an additional 1,838 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.