VanEck CLO ETF $CLOI Position Lifted by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators lifted its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 37.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 291,247 shares of the company’s stock after acquiring an additional 79,257 shares during the period. VanEck CLO ETF makes up 6.5% of Deseret Mutual Benefit Administrators’ portfolio, making the stock its 3rd largest holding. Deseret Mutual Benefit Administrators’ holdings in VanEck CLO ETF were worth $15,465,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its position in VanEck CLO ETF by 177.6% during the third quarter. CWM LLC now owns 705 shares of the company’s stock valued at $37,000 after purchasing an additional 451 shares in the last quarter. Private Trust Co. NA purchased a new stake in VanEck CLO ETF in the second quarter worth about $66,000. Ameritas Advisory Services LLC bought a new position in shares of VanEck CLO ETF in the second quarter worth about $177,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of VanEck CLO ETF during the 2nd quarter valued at about $200,000. Finally, Creekside Partners bought a new position in shares of VanEck CLO ETF during the 2nd quarter valued at approximately $209,000.

VanEck CLO ETF Price Performance

VanEck CLO ETF stock opened at $53.00 on Friday. VanEck CLO ETF has a 12-month low of $50.12 and a 12-month high of $53.20. The firm has a 50 day moving average of $52.89 and a 200 day moving average of $52.92.

About VanEck CLO ETF

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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.