Arete Wealth Advisors LLC Purchases 70,274 Shares of VanEck CLO ETF $CLOI

Arete Wealth Advisors LLC increased its position in VanEck CLO ETF (NYSEARCA:CLOI) by 257.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,611 shares of the company’s stock after acquiring an additional 70,274 shares during the period. Arete Wealth Advisors LLC’s holdings in VanEck CLO ETF were worth $5,183,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Independence Asset Advisors LLC raised its stake in shares of VanEck CLO ETF by 43.0% in the third quarter. Independence Asset Advisors LLC now owns 1,572,716 shares of the company’s stock worth $83,507,000 after purchasing an additional 473,096 shares during the last quarter. Ocean Park Asset Management LLC purchased a new position in VanEck CLO ETF in the 3rd quarter worth about $14,077,000. Darwin Wealth Management LLC purchased a new position in VanEck CLO ETF in the 2nd quarter worth about $13,048,000. Sax Wealth Advisors LLC lifted its stake in VanEck CLO ETF by 130.1% during the 3rd quarter. Sax Wealth Advisors LLC now owns 266,129 shares of the company’s stock valued at $14,131,000 after acquiring an additional 150,449 shares during the period. Finally, Capital Investment Advisors LLC boosted its holdings in shares of VanEck CLO ETF by 11.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,434,140 shares of the company’s stock valued at $76,153,000 after acquiring an additional 147,163 shares during the last quarter.

VanEck CLO ETF Price Performance

CLOI opened at $52.90 on Friday. The firm has a 50 day moving average price of $52.90 and a 200-day moving average price of $52.93. VanEck CLO ETF has a twelve month low of $50.12 and a twelve month high of $53.15.

VanEck CLO ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2334 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.