Avantax Advisory Services Inc. Buys 2,943 Shares of VanEck CLO ETF (NYSEARCA:CLOI)

Avantax Advisory Services Inc. raised its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 65.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,407 shares of the company’s stock after purchasing an additional 2,943 shares during the period. Avantax Advisory Services Inc.’s holdings in VanEck CLO ETF were worth $391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLOI. Richardson Financial Services Inc. bought a new stake in VanEck CLO ETF in the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. acquired a new stake in VanEck CLO ETF in the first quarter valued at approximately $33,000. FWL Investment Management LLC bought a new stake in shares of VanEck CLO ETF during the fourth quarter valued at approximately $52,000. Transce3nd LLC acquired a new position in shares of VanEck CLO ETF during the fourth quarter worth approximately $57,000. Finally, FAS Wealth Partners Inc. raised its position in shares of VanEck CLO ETF by 27.9% during the fourth quarter. FAS Wealth Partners Inc. now owns 1,104 shares of the company’s stock worth $58,000 after purchasing an additional 241 shares during the period.

VanEck CLO ETF Stock Up 0.1%

VanEck CLO ETF stock opened at $52.86 on Thursday. The firm’s fifty day moving average price is $52.90 and its two-hundred day moving average price is $52.81. VanEck CLO ETF has a 1-year low of $50.12 and a 1-year high of $53.21.

VanEck CLO ETF 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.