Envestnet Asset Management Inc. Invests $711,000 in BondBloxx Private Credit CLO ETF $PCMM

Envestnet Asset Management Inc. acquired a new stake in shares of BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,111 shares of the company’s stock, valued at approximately $711,000. Envestnet Asset Management Inc. owned approximately 0.53% of BondBloxx Private Credit CLO ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PCMM. Carrera Capital Advisors purchased a new stake in BondBloxx Private Credit CLO ETF during the first quarter worth $29,622,000. Gradient Investments LLC raised its position in shares of BondBloxx Private Credit CLO ETF by 6.4% in the 2nd quarter. Gradient Investments LLC now owns 552,157 shares of the company’s stock worth $27,818,000 after acquiring an additional 33,373 shares in the last quarter. Mattson Financial Services LLC raised its position in shares of BondBloxx Private Credit CLO ETF by 5.7% in the 2nd quarter. Mattson Financial Services LLC now owns 62,844 shares of the company’s stock worth $3,166,000 after acquiring an additional 3,388 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of BondBloxx Private Credit CLO ETF during the 2nd quarter worth $1,865,000. Finally, Magnus Financial Group LLC boosted its position in BondBloxx Private Credit CLO ETF by 30.8% during the second quarter. Magnus Financial Group LLC now owns 27,541 shares of the company’s stock valued at $1,388,000 after purchasing an additional 6,481 shares in the last quarter.

BondBloxx Private Credit CLO ETF Trading Up 0.1%

PCMM opened at $50.38 on Monday. The business’s 50-day moving average is $50.35 and its two-hundred day moving average is $50.52. BondBloxx Private Credit CLO ETF has a 1 year low of $48.38 and a 1 year high of $52.73.

BondBloxx Private Credit CLO ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a $0.2892 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, November 3rd. This is an increase from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.28.

About BondBloxx Private Credit CLO ETF

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.