Janney Montgomery Scott LLC Buys 20,258 Shares of BondBloxx Private Credit CLO ETF $PCMM

Janney Montgomery Scott LLC increased its stake in shares of BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) by 159.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,934 shares of the company’s stock after buying an additional 20,258 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BondBloxx Private Credit CLO ETF were worth $1,619,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PCMM. Royal Bank of Canada acquired a new position in BondBloxx Private Credit CLO ETF in the 4th quarter valued at $64,000. Wealth Preservation Advisors LLC acquired a new stake in shares of BondBloxx Private Credit CLO ETF during the 4th quarter worth $70,000. Sentinel Pension Advisors LLC acquired a new stake in shares of BondBloxx Private Credit CLO ETF during the 4th quarter worth $239,000. Brady Martz Wealth Solutions LLC bought a new position in shares of BondBloxx Private Credit CLO ETF in the first quarter worth $245,000. Finally, Avaii Wealth Management LLC increased its position in shares of BondBloxx Private Credit CLO ETF by 18.1% in the fourth quarter. Avaii Wealth Management LLC now owns 5,206 shares of the company’s stock worth $261,000 after purchasing an additional 798 shares during the period.

BondBloxx Private Credit CLO ETF Stock Up 0.2%

PCMM stock opened at $49.72 on Friday. BondBloxx Private Credit CLO ETF has a 52 week low of $48.86 and a 52 week high of $51.09. The business has a 50-day simple moving average of $49.72 and a 200 day simple moving average of $49.83.

BondBloxx Private Credit CLO ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.2555 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.2%.

About BondBloxx Private Credit CLO ETF

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.