Moneta Group Investment Advisors LLC Takes Position in VanEck CLO ETF $CLOI

Moneta Group Investment Advisors LLC purchased a new position in VanEck CLO ETF (NYSEARCA:CLOI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 219,342 shares of the company’s stock, valued at approximately $11,647,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC purchased a new stake in VanEck CLO ETF during the 3rd quarter valued at about $1,357,000. Equitable Holdings Inc. acquired a new stake in VanEck CLO ETF in the 3rd quarter valued at about $213,000. Mpwm Advisory Solutions LLC lifted its stake in VanEck CLO ETF by 0.7% in the 3rd quarter. Mpwm Advisory Solutions LLC now owns 52,784 shares of the company’s stock worth $2,803,000 after purchasing an additional 365 shares in the last quarter. Wayfinding Financial LLC lifted its stake in VanEck CLO ETF by 0.6% in the 3rd quarter. Wayfinding Financial LLC now owns 54,820 shares of the company’s stock worth $2,910,000 after purchasing an additional 316 shares in the last quarter. Finally, PCG Wealth Advisors LLC acquired a new position in shares of VanEck CLO ETF during the 3rd quarter worth approximately $1,552,000.

VanEck CLO ETF Stock Performance

CLOI stock opened at $52.56 on Tuesday. The business has a 50 day simple moving average of $52.82 and a 200-day simple moving average of $52.89. VanEck CLO ETF has a 1 year low of $50.12 and a 1 year high of $53.15.

VanEck CLO ETF Cuts Dividend

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

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.