iShares AAA CLO Active ETF (NASDAQ:CLOA) Sets New 12-Month Low – Here’s What Happened

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) reached a new 52-week low on Thursday . The stock traded as low as $51.15 and last traded at $51.15, with a volume of 1388 shares. The stock had previously closed at $51.72.

iShares AAA CLO Active ETF Trading Up 0.1%

The business’s fifty day simple moving average is $51.89 and its 200-day simple moving average is $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be given a dividend of $0.196 per share. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Trading of iShares AAA CLO Active ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CLOA. JPMorgan Chase & Co. lifted its stake in iShares AAA CLO Active ETF by 2.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 136,347 shares of the company’s stock worth $7,079,000 after purchasing an additional 3,389 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares AAA CLO Active ETF by 93.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,810 shares of the company’s stock valued at $198,000 after purchasing an additional 1,838 shares during the last quarter. Imprint Wealth LLC purchased a new position in shares of iShares AAA CLO Active ETF during the third quarter valued at about $67,000. Flow Traders U.S. LLC grew its position in shares of iShares AAA CLO Active ETF by 4.0% during the third quarter. Flow Traders U.S. LLC now owns 19,577 shares of the company’s stock valued at $1,017,000 after purchasing an additional 755 shares in the last quarter. Finally, Kickstand Ventures LLC. increased its holdings in shares of iShares AAA CLO Active ETF by 10.8% in the third quarter. Kickstand Ventures LLC. now owns 122,483 shares of the company’s stock worth $6,365,000 after purchasing an additional 11,926 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.