102,794 Shares in VanEck CLO ETF $CLOI Bought by Diversified Portfolios Inc.

Diversified Portfolios Inc. purchased a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 102,794 shares of the company’s stock, valued at approximately $5,429,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new stake in VanEck CLO ETF during the 4th quarter worth $43,000. NBC Securities Inc. purchased a new stake in VanEck CLO ETF during the 4th quarter worth $61,000. Capital Investment Advisory Services LLC purchased a new stake in VanEck CLO ETF during the 4th quarter worth $68,000. Clear Investment Research LLC purchased a new stake in VanEck CLO ETF during the 3rd quarter worth $89,000. Finally, Sound Income Strategies LLC purchased a new stake in VanEck CLO ETF during the 4th quarter worth $100,000.

VanEck CLO ETF Price Performance

VanEck CLO ETF stock opened at $52.92 on Tuesday. VanEck CLO ETF has a 12-month low of $52.36 and a 12-month high of $53.15. The firm’s fifty day moving average price is $52.68 and its 200 day moving average price is $52.80.

VanEck CLO ETF Company 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.