VanEck CLO ETF $CLOI Stock: Sax Wealth Advisors LLC Grows Stake

Sax Wealth Advisors LLC lifted its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 40.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 562,168 shares of the company’s stock after buying an additional 161,469 shares during the quarter. VanEck CLO ETF comprises 0.8% of Sax Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Sax Wealth Advisors LLC owned 1.75% of VanEck CLO ETF worth $29,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLOI. Independence Asset Advisors LLC lifted its position in shares of VanEck CLO ETF by 17.2% in the first quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock valued at $98,203,000 after acquiring an additional 273,532 shares in the last quarter. Gradient Investments LLC increased its holdings in shares of VanEck CLO ETF by 2.6% in the second quarter. Gradient Investments LLC now owns 275,289 shares of the company’s stock worth $14,577,000 after purchasing an additional 6,992 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in VanEck CLO ETF during the 4th quarter valued at approximately $13,501,000. Beaumont Financial Advisors LLC raised its holdings in shares of VanEck CLO ETF by 8.5% during the 1st quarter. Beaumont Financial Advisors LLC now owns 223,533 shares of the company’s stock worth $11,780,000 after acquiring an additional 17,587 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in VanEck CLO ETF by 24.7% during the first quarter. Geneos Wealth Management Inc. now owns 195,715 shares of the company’s stock valued at $10,314,000 after purchasing an additional 38,797 shares in the last quarter.

VanEck CLO ETF Stock Down 0.0%

Shares of NYSEARCA CLOI traded down $0.03 during mid-day trading on Tuesday, hitting $52.84. 364,662 shares of the company’s stock traded hands, compared to its average volume of 257,051. The company’s 50-day moving average is $52.87 and its two-hundred day moving average is $52.82. VanEck CLO ETF has a 1 year low of $52.36 and a 1 year high of $53.10.

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.