Bright Futures Wealth Management LLC. Invests $1.61 Million in VanEck CLO ETF $CLOI

Bright Futures Wealth Management LLC. bought a new position in VanEck CLO ETF (NYSEARCA:CLOI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 30,289 shares of the company’s stock, valued at approximately $1,608,000. VanEck CLO ETF makes up 1.3% of Bright Futures Wealth Management LLC.’s portfolio, making the stock its 21st largest holding. Bright Futures Wealth Management LLC. owned about 0.13% of VanEck CLO ETF as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arete Wealth Advisors LLC lifted its stake in VanEck CLO ETF by 257.1% during the third quarter. Arete Wealth Advisors LLC now owns 97,611 shares of the company’s stock worth $5,183,000 after purchasing an additional 70,274 shares during the last quarter. Trivium Point Advisory LLC raised its holdings in shares of VanEck CLO ETF by 1.7% during the 3rd quarter. Trivium Point Advisory LLC now owns 16,644 shares of the company’s stock valued at $884,000 after buying an additional 273 shares in the last quarter. MAI Capital Management lifted its position in VanEck CLO ETF by 18.5% in the 3rd quarter. MAI Capital Management now owns 12,709 shares of the company’s stock worth $675,000 after buying an additional 1,988 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in VanEck CLO ETF in the third quarter worth approximately $3,623,000. Finally, Piedmont Capital Management LLC boosted its stake in VanEck CLO ETF by 5.3% in the third quarter. Piedmont Capital Management LLC now owns 49,292 shares of the company’s stock worth $2,606,000 after buying an additional 2,500 shares in the last quarter.

VanEck CLO ETF Price Performance

CLOI stock opened at $52.90 on Monday. VanEck CLO ETF has a one year low of $50.12 and a one year high of $53.15. The company’s 50 day moving average price is $52.90 and its two-hundred day moving average price is $52.93.

VanEck CLO ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.2334 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, February 2nd.

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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.