Envestnet Asset Management Inc. grew its position in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 601.6% during the 1st quarter, Holdings Channel reports. The fund owned 485,336 shares of the company’s stock after buying an additional 416,160 shares during the quarter. Envestnet Asset Management Inc.’s holdings in VanEck CLO ETF were worth $25,645,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. acquired a new position in shares of VanEck CLO ETF in the fourth quarter valued at approximately $236,000. Thrivent Financial for Lutherans bought a new position in shares of VanEck CLO ETF in the 4th quarter worth about $766,000. TAP Consulting LLC increased its holdings in shares of VanEck CLO ETF by 85.7% in the 4th quarter. TAP Consulting LLC now owns 42,496 shares of the company’s stock worth $2,243,000 after acquiring an additional 19,612 shares during the period. Kiker Wealth Management LLC acquired a new position in VanEck CLO ETF during the 4th quarter valued at about $73,000. Finally, LPL Financial LLC boosted its position in shares of VanEck CLO ETF by 19.8% during the 4th quarter. LPL Financial LLC now owns 855,783 shares of the company’s stock valued at $45,160,000 after purchasing an additional 141,573 shares in the last quarter.
VanEck CLO ETF Stock Performance
NYSEARCA:CLOI opened at $52.88 on Wednesday. VanEck CLO ETF has a twelve month low of $50.12 and a twelve month high of $53.21. The company has a 50-day moving average of $52.86 and a 200-day moving average of $52.80.
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.
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