VanEck CLO ETF $CLOI Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC reduced its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 623,829 shares of the company’s stock after selling 11,974 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in VanEck CLO ETF were worth $33,125,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in shares of VanEck CLO ETF by 264.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock worth $1,040,000 after purchasing an additional 14,275 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its position in VanEck CLO ETF by 73.1% in the second quarter. Stonebridge Financial Planning Group LLC now owns 18,626 shares of the company’s stock worth $986,000 after buying an additional 7,868 shares during the last quarter. Rovin Capital UT ADV increased its holdings in shares of VanEck CLO ETF by 14.4% in the second quarter. Rovin Capital UT ADV now owns 16,913 shares of the company’s stock valued at $896,000 after buying an additional 2,126 shares in the last quarter. Ascension Capital Advisors Inc. acquired a new stake in shares of VanEck CLO ETF during the 2nd quarter valued at $214,000. Finally, Mosaic Financial Group LLC grew its holdings in shares of VanEck CLO ETF by 33.3% in the 2nd quarter. Mosaic Financial Group LLC now owns 7,062 shares of the company’s stock worth $374,000 after acquiring an additional 1,763 shares during the last quarter.

VanEck CLO ETF Stock Performance

NYSEARCA CLOI opened at $52.49 on Thursday. VanEck CLO ETF has a 1 year low of $50.12 and a 1 year high of $53.15. The stock’s 50-day moving average price is $52.88 and its two-hundred day moving average price is $52.92.

VanEck CLO ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.2002 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, March 2nd.

About VanEck CLO ETF

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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.