iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw strong trading volume on Tuesday. 616,734 shares traded hands during trading, an increase of 12% from the previous session’s volume of 548,348 shares. The stock last traded at $51.7750 and had previously closed at $51.78.

iShares AAA CLO Active ETF Trading Down 0.0%

The company’s fifty day simple moving average is $51.89 and its 200-day simple moving average is $51.86.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be issued a dividend of $0.2022 per share. This represents a $2.43 annualized dividend and a dividend yield of 4.7%. This is a drop from iShares AAA CLO Active ETF’s previous monthly dividend of $0.2132. The ex-dividend date of this dividend is Thursday, October 1st.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Several institutional investors have recently bought and sold shares of the company. Landing Point Financial Group LLC increased its holdings in shares of iShares AAA CLO Active ETF by 6.0% in the fourth quarter. Landing Point Financial Group LLC now owns 270,956 shares of the company’s stock valued at $14,021,000 after purchasing an additional 15,235 shares during the last quarter. Kickstand Ventures LLC. boosted its holdings in shares of iShares AAA CLO Active ETF by 2.9% in the 2nd quarter. Kickstand Ventures LLC. now owns 128,098 shares of the company’s stock valued at $6,650,000 after buying an additional 3,559 shares in the last quarter. Bulwark Capital Corp boosted its holdings in shares of iShares AAA CLO Active ETF by 39.4% in the second quarter. Bulwark Capital Corp now owns 98,567 shares of the company’s stock valued at $5,117,000 after acquiring an additional 27,872 shares during the period. Aureus Asset Management LLC increased its position in iShares AAA CLO Active ETF by 6.7% in the 1st quarter. Aureus Asset Management LLC now owns 70,834 shares of the company’s stock valued at $3,672,000 after acquiring an additional 4,431 shares during the period. Finally, Beacon Financial Group raised its position in iShares AAA CLO Active ETF by 3.8% during the 1st quarter. Beacon Financial Group now owns 18,905 shares of the company’s stock worth $980,000 after buying an additional 698 shares during the last quarter.

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.