Gradient Investments LLC Reduces Stock Position in VanEck CLO ETF $CLOI

Gradient Investments LLC cut its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,383 shares of the company’s stock after selling 12,354 shares during the quarter. Gradient Investments LLC owned 1.15% of VanEck CLO ETF worth $14,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. CacheTech Inc. boosted its holdings in VanEck CLO ETF by 207.8% in the second quarter. CacheTech Inc. now owns 80,882 shares of the company’s stock worth $4,283,000 after purchasing an additional 54,602 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of VanEck CLO ETF by 139.6% during the 2nd quarter. Osaic Holdings Inc. now owns 99,291 shares of the company’s stock valued at $5,252,000 after buying an additional 57,848 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of VanEck CLO ETF in the 2nd quarter worth $5,296,000. Geneos Wealth Management Inc. grew its holdings in shares of VanEck CLO ETF by 28.5% in the second quarter. Geneos Wealth Management Inc. now owns 153,503 shares of the company’s stock worth $8,128,000 after acquiring an additional 34,036 shares during the period. Finally, Sugar Maple Asset Management LLC grew its holdings in shares of VanEck CLO ETF by 3.5% in the second quarter. Sugar Maple Asset Management LLC now owns 72,685 shares of the company’s stock worth $3,849,000 after acquiring an additional 2,429 shares during the period.

VanEck CLO ETF Price Performance

CLOI stock opened at $52.91 on Thursday. The business’s 50-day moving average is $52.92 and its two-hundred day moving average is $52.92. VanEck CLO ETF has a fifty-two week low of $50.12 and a fifty-two week high of $53.20.

VanEck CLO ETF Company 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.