Sax Wealth Advisors LLC Buys 96,310 Shares of VanEck CLO ETF $CLOI

Sax Wealth Advisors LLC grew its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 362,439 shares of the company’s stock after purchasing an additional 96,310 shares during the quarter. VanEck CLO ETF makes up approximately 0.9% of Sax Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest position. Sax Wealth Advisors LLC owned 1.44% of VanEck CLO ETF worth $19,140,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CLOI. CWM LLC increased its stake in shares of VanEck CLO ETF by 177.6% in the third quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after buying an additional 451 shares during the period. Clear Investment Research LLC purchased a new stake in VanEck CLO ETF during the 3rd quarter valued at $89,000. Equitable Holdings Inc. bought a new stake in VanEck CLO ETF in the 3rd quarter worth $213,000. Discipline Wealth Solutions LLC bought a new stake in VanEck CLO ETF in the 3rd quarter worth $259,000. Finally, Arkadios Wealth Advisors increased its position in shares of VanEck CLO ETF by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 5,244 shares of the company’s stock valued at $278,000 after acquiring an additional 243 shares during the period.

VanEck CLO ETF Stock Up 0.1%

Shares of NYSEARCA:CLOI opened at $52.64 on Thursday. The company has a 50-day moving average price of $52.79 and a 200-day moving average price of $52.87. VanEck CLO ETF has a 12 month low of $50.12 and a 12 month high of $53.15.

VanEck CLO ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.2002 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, March 2nd.

About VanEck CLO ETF

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.