Wealth Enhancement Advisory Services LLC Lowers Holdings in VanEck CLO ETF $CLOI

Wealth Enhancement Advisory Services LLC decreased its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 88.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,849 shares of the company’s stock after selling 152,971 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.08% of VanEck CLO ETF worth $1,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Independence Asset Advisors LLC boosted its position in shares of VanEck CLO ETF by 43.0% during the third quarter. Independence Asset Advisors LLC now owns 1,572,716 shares of the company’s stock worth $83,507,000 after acquiring an additional 473,096 shares during the last quarter. Ocean Park Asset Management LLC bought a new position in shares of VanEck CLO ETF during the 3rd quarter valued at about $14,077,000. Darwin Wealth Management LLC purchased a new position in shares of VanEck CLO ETF during the second quarter valued at about $13,048,000. Moneta Group Investment Advisors LLC purchased a new position in shares of VanEck CLO ETF during the third quarter valued at about $11,647,000. Finally, Sax Wealth Advisors LLC increased its holdings in shares of VanEck CLO ETF by 130.1% in the third quarter. Sax Wealth Advisors LLC now owns 266,129 shares of the company’s stock worth $14,131,000 after purchasing an additional 150,449 shares during the last quarter.

VanEck CLO ETF Price Performance

Shares of VanEck CLO ETF stock opened at $52.50 on Monday. The stock has a 50 day moving average of $52.74 and a 200 day moving average of $52.85. VanEck CLO ETF has a 12 month low of $50.12 and a 12 month high of $53.15.

VanEck CLO ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.2002 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, March 2nd.

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.