VanEck CLO ETF $CLOI Stock Holdings Trimmed by Ferguson Shapiro LLC

Ferguson Shapiro LLC lowered its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 16.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 268,480 shares of the company’s stock after selling 54,582 shares during the period. VanEck CLO ETF comprises about 4.6% of Ferguson Shapiro LLC’s investment portfolio, making the stock its 7th largest position. Ferguson Shapiro LLC’s holdings in VanEck CLO ETF were worth $14,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Symphony Financial Ltd. Co. increased its stake in shares of VanEck CLO ETF by 2.0% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 12,383 shares of the company’s stock worth $657,000 after acquiring an additional 238 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in VanEck CLO ETF by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 5,244 shares of the company’s stock worth $278,000 after purchasing an additional 243 shares during the period. Wealth Watch Advisors INC increased its stake in shares of VanEck CLO ETF by 5.6% during the second quarter. Wealth Watch Advisors INC now owns 6,012 shares of the company’s stock valued at $318,000 after purchasing an additional 319 shares in the last quarter. Rovin Capital UT ADV lifted its holdings in shares of VanEck CLO ETF by 2.2% during the third quarter. Rovin Capital UT ADV now owns 17,285 shares of the company’s stock valued at $918,000 after purchasing an additional 372 shares during the last quarter. Finally, CWM LLC boosted its position in shares of VanEck CLO ETF by 177.6% in the 3rd quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after purchasing an additional 451 shares in the last quarter.

VanEck CLO ETF Stock Performance

VanEck CLO ETF stock opened at $52.90 on Friday. VanEck CLO ETF has a twelve month low of $50.12 and a twelve month high of $53.15. The stock’s 50 day moving average is $52.90 and its 200 day moving average is $52.92.

VanEck CLO ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2334 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.3%.

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.