Modern Wealth Management LLC Invests $10.07 Million in Invesco AAA CLO Floating Rate Note ETF $ICLO

Modern Wealth Management LLC purchased a new stake in shares of Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 393,045 shares of the company’s stock, valued at approximately $10,066,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CGC Financial Services LLC acquired a new position in Invesco AAA CLO Floating Rate Note ETF during the third quarter worth $56,000. Root Financial Partners LLC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF in the third quarter worth about $139,000. Slagle Financial LLC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF in the third quarter worth about $228,000. Kingdom Financial Group LLC. bought a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the 3rd quarter worth about $242,000. Finally, FLP Wealth Management LLC bought a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the 3rd quarter worth about $255,000.

Invesco AAA CLO Floating Rate Note ETF Price Performance

Shares of BATS ICLO opened at $25.50 on Friday. The business’s 50-day simple moving average is $25.57 and its 200-day simple moving average is $25.59. Invesco AAA CLO Floating Rate Note ETF has a 52 week low of $23.80 and a 52 week high of $25.70.

Invesco AAA CLO Floating Rate Note ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a $0.104 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

About Invesco AAA CLO Floating Rate Note ETF

The Invesco Aaa Clo Floating Rate Note ETF (ICLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in USD-denominated floating rate CLOs that are rated AAA or equivalent. ICLO was launched on Dec 9, 2022 and is managed by Invesco.