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

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw an uptick in trading volume on Monday . 539,593 shares were traded during trading, an increase of 60% from the previous session’s volume of 336,351 shares.The stock last traded at $51.7650 and had previously closed at $51.74.

iShares AAA CLO Active ETF Trading Up 0.0%

The company’s 50-day moving average is $51.82 and its 200 day moving average is $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were given a dividend of $0.2148 per share. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

A number of large investors have recently bought and sold shares of CLOA. Landing Point Financial Group LLC grew its holdings in iShares AAA CLO Active ETF by 5.7% in the third quarter. Landing Point Financial Group LLC now owns 255,721 shares of the company’s stock valued at $13,289,000 after purchasing an additional 13,761 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares AAA CLO Active ETF by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,784 shares of the company’s stock valued at $7,368,000 after buying an additional 5,437 shares in the last quarter. Kickstand Ventures LLC. lifted its position in shares of iShares AAA CLO Active ETF by 10.8% during the 3rd quarter. Kickstand Ventures LLC. now owns 122,483 shares of the company’s stock valued at $6,365,000 after buying an additional 11,926 shares in the last quarter. Duncan Williams Asset Management LLC acquired a new stake in iShares AAA CLO Active ETF in the 2nd quarter valued at $5,740,000. Finally, United Capital Financial Advisors LLC acquired a new stake in iShares AAA CLO Active ETF in the 3rd quarter valued at $2,543,000.

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.