iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – Time to Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw strong trading volume on Tuesday . 3,060,149 shares changed hands during trading, an increase of 513% from the previous session’s volume of 499,353 shares.The stock last traded at $51.82 and had previously closed at $51.80.

iShares AAA CLO Active ETF Price Performance

The stock has a 50-day moving average of $51.83 and a 200-day moving average of $51.83.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1876 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of iShares AAA CLO Active ETF

Large investors have recently modified their holdings of the business. Private Trust Co. NA bought a new position in shares of iShares AAA CLO Active ETF in the third quarter worth approximately $30,000. Farther Finance Advisors LLC bought a new stake in iShares AAA CLO Active ETF during the fourth quarter valued at approximately $31,000. Imprint Wealth LLC bought a new stake in iShares AAA CLO Active ETF during the third quarter valued at approximately $67,000. Kelleher Financial Advisors purchased a new position in iShares AAA CLO Active ETF in the 4th quarter worth approximately $112,000. Finally, Huntington National Bank grew its stake in iShares AAA CLO Active ETF by 22.5% in the 4th quarter. Huntington National Bank now owns 3,176 shares of the company’s stock worth $164,000 after buying an additional 583 shares in 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.