Royal Bank of Canada Buys 27,192 Shares of VanEck CLO ETF $CLOI

Royal Bank of Canada grew its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 71.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,206 shares of the company’s stock after buying an additional 27,192 shares during the period. Royal Bank of Canada’s holdings in VanEck CLO ETF were worth $3,436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Pinebridge Investments LLC purchased a new stake in VanEck CLO ETF in the 4th quarter worth approximately $31,530,000. LPL Financial LLC raised its stake in VanEck CLO ETF by 26.1% during the 4th quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock worth $107,077,000 after acquiring an additional 419,749 shares during the period. Independence Asset Advisors LLC raised its stake in VanEck CLO ETF by 17.2% during the 1st quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock worth $98,203,000 after acquiring an additional 273,532 shares during the period. Axxcess Wealth Management LLC purchased a new position in VanEck CLO ETF during the fourth quarter valued at approximately $13,582,000. Finally, Darwin Wealth Management LLC purchased a new position in VanEck CLO ETF during the second quarter valued at approximately $13,048,000.

VanEck CLO ETF Trading Up 0.0%

CLOI opened at $52.87 on Friday. VanEck CLO ETF has a 1-year low of $52.36 and a 1-year high of $53.15. The company has a 50 day simple moving average of $52.86 and a two-hundred day simple moving average of $52.79.

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.