Gradient Investments LLC Sells 266,536 Shares of BondBloxx Private Credit CLO ETF $PCMM

Gradient Investments LLC lessened its stake in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) by 33.6% in the second quarter, Holdings Channel reports. The firm owned 526,172 shares of the company’s stock after selling 266,536 shares during the quarter. Gradient Investments LLC owned 0.13% of BondBloxx Private Credit CLO ETF worth $26,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PCMM. Royal Bank of Canada bought a new stake in BondBloxx Private Credit CLO ETF during the fourth quarter worth about $64,000. Wealth Preservation Advisors LLC bought a new position in BondBloxx Private Credit CLO ETF in the 4th quarter valued at about $70,000. Brady Martz Wealth Solutions LLC bought a new position in BondBloxx Private Credit CLO ETF in the 1st quarter valued at about $245,000. United Advisor Group LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF in the 4th quarter valued at approximately $282,000. Finally, Focused Alpha LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF in the 4th quarter valued at approximately $300,000.

BondBloxx Private Credit CLO ETF Stock Performance

Shares of PCMM opened at $49.70 on Friday. BondBloxx Private Credit CLO ETF has a one year low of $48.86 and a one year high of $51.09. The firm has a 50 day simple moving average of $49.75 and a two-hundred day simple moving average of $49.77.

BondBloxx Private Credit CLO ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.2559 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Monday, August 3rd. This is a positive change from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.26.

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.