Richmond Investment Services LLC Lowers Stock Holdings in VanEck CLO ETF $CLOI

Richmond Investment Services LLC lessened its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 24.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 41,264 shares of the company’s stock after selling 13,277 shares during the period. Richmond Investment Services LLC owned 0.17% of VanEck CLO ETF worth $2,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN purchased a new position in shares of VanEck CLO ETF in the fourth quarter valued at about $37,000. Raleigh Capital Management Inc. purchased a new stake in shares of VanEck CLO ETF during the fourth quarter worth about $43,000. NBC Securities Inc. purchased a new stake in shares of VanEck CLO ETF during the fourth quarter worth about $61,000. Capital Investment Advisory Services LLC bought a new stake in VanEck CLO ETF during the 4th quarter valued at approximately $68,000. Finally, Sound Income Strategies LLC bought a new stake in VanEck CLO ETF during the 4th quarter valued at approximately $100,000.

VanEck CLO ETF Price Performance

NYSEARCA CLOI opened at $52.81 on Wednesday. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.15. The stock’s 50 day moving average is $52.85 and its 200 day moving average is $52.79.

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.