iShares AAA CLO Active ETF (NASDAQ:CLOA) Trading 0.1% Higher – Here’s Why

iShares AAA CLO Active ETF (NASDAQ:CLOA) rose 0.1% during mid-day trading on Friday . The company traded as high as $51.90 and last traded at $51.88. Approximately 147,892 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 335,778 shares. The stock had previously closed at $51.85.

iShares AAA CLO Active ETF Stock Up 0.1%

The business’s fifty day simple moving average is $51.85 and its 200-day simple moving average is $51.83.

iShares AAA CLO Active ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were given a $0.2352 dividend. This is an increase from iShares AAA CLO Active ETF’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, November 3rd.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

Several institutional investors have recently added to or reduced their stakes in CLOA. Private Trust Co. NA bought a new stake in iShares AAA CLO Active ETF in the 3rd quarter worth approximately $30,000. First Horizon Advisors Inc. grew its holdings in shares of iShares AAA CLO Active ETF by 51.7% in the second quarter. First Horizon Advisors Inc. now owns 581 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares in the last quarter. Imprint Wealth LLC bought a new stake in iShares AAA CLO Active ETF in the third quarter worth $67,000. Huntington National Bank increased its position in iShares AAA CLO Active ETF by 30.5% in the second quarter. Huntington National Bank now owns 2,593 shares of the company’s stock worth $135,000 after purchasing an additional 606 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in iShares AAA CLO Active ETF by 93.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,810 shares of the company’s stock valued at $198,000 after purchasing an additional 1,838 shares in the last quarter.

About iShares AAA CLO Active ETF

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.