iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – What’s Next?

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw unusually-strong trading volume on Monday . Approximately 948,242 shares were traded during trading, an increase of 91% from the previous session’s volume of 495,369 shares.The stock last traded at $51.9450 and had previously closed at $51.94.

iShares AAA CLO Active ETF Price Performance

The company has a 50-day moving average price of $51.88 and a 200 day moving average price of $51.85.

iShares AAA CLO Active ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.2132 per share. This is a boost from iShares AAA CLO Active ETF’s previous monthly dividend of $0.21. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.9%.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bulwark Capital Corp grew its holdings in iShares AAA CLO Active ETF by 39.4% in the 2nd quarter. Bulwark Capital Corp now owns 98,567 shares of the company’s stock valued at $5,117,000 after buying an additional 27,872 shares during the last quarter. Landing Point Financial Group LLC lifted its holdings in shares of iShares AAA CLO Active ETF by 6.0% during the fourth quarter. Landing Point Financial Group LLC now owns 270,956 shares of the company’s stock worth $14,021,000 after buying an additional 15,235 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares AAA CLO Active ETF by 187.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,950 shares of the company’s stock worth $567,000 after buying an additional 7,140 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares AAA CLO Active ETF by 73.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,865 shares of the company’s stock valued at $771,000 after acquiring an additional 6,308 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in shares of iShares AAA CLO Active ETF in the first quarter valued at approximately $307,000.

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.