VanEck CLO ETF $CLOI Shares Acquired by Echo45 Advisors LLC

Echo45 Advisors LLC lifted its position in VanEck CLO ETF (NYSEARCA:CLOI) by 647.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,022 shares of the company’s stock after purchasing an additional 47,662 shares during the quarter. VanEck CLO ETF comprises 1.5% of Echo45 Advisors LLC’s holdings, making the stock its 22nd largest position. Echo45 Advisors LLC’s holdings in VanEck CLO ETF were worth $2,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLOI. LPL Financial LLC boosted its position in VanEck CLO ETF by 26.1% in the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock valued at $107,077,000 after buying an additional 419,749 shares during the last quarter. Independence Asset Advisors LLC increased its holdings in VanEck CLO ETF by 17.2% in the 1st quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock worth $98,203,000 after buying an additional 273,532 shares during the period. Pinebridge Investments LLC purchased a new position in VanEck CLO ETF during the 4th quarter worth approximately $31,530,000. Sax Wealth Advisors LLC raised its position in VanEck CLO ETF by 11.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 400,699 shares of the company’s stock worth $21,117,000 after buying an additional 40,627 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in VanEck CLO ETF by 2.1% during the 4th quarter. HighTower Advisors LLC now owns 321,035 shares of the company’s stock valued at $16,954,000 after acquiring an additional 6,703 shares during the period.

VanEck CLO ETF Stock Up 0.0%

CLOI stock opened at $52.84 on Friday. The firm’s fifty day simple moving average is $52.86 and its 200-day simple moving average is $52.79. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.15.

VanEck CLO ETF Profile

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.