TRUE Private Wealth Advisors Increases Stake in VanEck CLO ETF (NYSEARCA:CLOI)

TRUE Private Wealth Advisors raised its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 229.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 157,868 shares of the company’s stock after acquiring an additional 109,947 shares during the quarter. VanEck CLO ETF comprises approximately 1.0% of TRUE Private Wealth Advisors’ holdings, making the stock its 15th biggest position. TRUE Private Wealth Advisors’ holdings in VanEck CLO ETF were worth $8,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLOI. Arete Wealth Advisors LLC boosted its holdings in shares of VanEck CLO ETF by 44.3% in the third quarter. Arete Wealth Advisors LLC now owns 19,162 shares of the company’s stock worth $1,016,000 after acquiring an additional 5,880 shares during the period. Freedom Investment Management Inc. boosted its stake in VanEck CLO ETF by 4.1% in the 3rd quarter. Freedom Investment Management Inc. now owns 20,468 shares of the company’s stock worth $1,086,000 after purchasing an additional 815 shares during the period. Centaurus Financial Inc. purchased a new position in VanEck CLO ETF during the 3rd quarter valued at about $136,000. WESPAC Advisors LLC increased its position in shares of VanEck CLO ETF by 2.9% during the third quarter. WESPAC Advisors LLC now owns 54,474 shares of the company’s stock valued at $2,889,000 after buying an additional 1,512 shares during the period. Finally, Allen Capital Group LLC lifted its holdings in shares of VanEck CLO ETF by 120.2% in the third quarter. Allen Capital Group LLC now owns 27,445 shares of the company’s stock worth $1,456,000 after buying an additional 14,981 shares in the last quarter.

VanEck CLO ETF Stock Performance

CLOI stock opened at $53.15 on Friday. The firm has a 50 day moving average of $52.96 and a 200-day moving average of $52.89. VanEck CLO ETF has a 12 month low of $52.06 and a 12 month high of $53.21.

VanEck CLO ETF Company Profile

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.