iShares AAA CLO Active ETF $CLOA Stake Boosted by Pension & Wealth Management Advisors Inc.

Pension & Wealth Management Advisors Inc. increased its stake in iShares AAA CLO Active ETF (NASDAQ:CLOA) by 17.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 147,881 shares of the company’s stock after acquiring an additional 22,381 shares during the period. iShares AAA CLO Active ETF comprises 1.7% of Pension & Wealth Management Advisors Inc.’s holdings, making the stock its 11th largest position. Pension & Wealth Management Advisors Inc.’s holdings in iShares AAA CLO Active ETF were worth $7,672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Planning Group LLC bought a new position in shares of iShares AAA CLO Active ETF in the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC bought a new stake in shares of iShares AAA CLO Active ETF during the first quarter valued at approximately $45,000. Trust Co. of Vermont bought a new stake in shares of iShares AAA CLO Active ETF during the second quarter valued at approximately $68,000. Markowski Investments bought a new stake in shares of iShares AAA CLO Active ETF during the second quarter valued at approximately $200,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of iShares AAA CLO Active ETF during the first quarter valued at approximately $307,000.

iShares AAA CLO Active ETF Price Performance

CLOA stock traded up $0.02 during midday trading on Friday, hitting $51.85. The stock had a trading volume of 370,264 shares, compared to its average volume of 562,514. The business has a 50-day moving average of $51.87 and a two-hundred day moving average of $51.86. iShares AAA CLO Active ETF has a 52-week low of $51.53 and a 52-week high of $52.05.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2022 per share. This is a decrease from iShares AAA CLO Active ETF’s previous monthly dividend of $0.2132. This represents a $2.43 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, October 1st.

iShares AAA CLO Active ETF Company Profile

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.