iShares AAA CLO Active ETF (NASDAQ:CLOA) Hits New 1-Year High – Still a Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA)’s share price reached a new 52-week high on Friday . The stock traded as high as $52.05 and last traded at $52.0350, with a volume of 8048 shares traded. The stock had previously closed at $52.04.

iShares AAA CLO Active ETF Price Performance

The business has a 50 day moving average price of $51.83 and a two-hundred day moving average price of $51.84.

iShares AAA CLO Active ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.2264 per share. This is a boost from iShares AAA CLO Active ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 5.2%.

Institutional Trading of iShares AAA CLO Active ETF

Several hedge funds have recently modified their holdings of CLOA. Kickstand Ventures LLC. raised its position in iShares AAA CLO Active ETF by 4.0% during the fourth quarter. Kickstand Ventures LLC. now owns 127,331 shares of the company’s stock valued at $6,589,000 after purchasing an additional 4,848 shares during the period. Private Trust Co. NA increased its position in shares of iShares AAA CLO Active ETF by 87.7% during the 4th quarter. Private Trust Co. NA now owns 1,081 shares of the company’s stock valued at $56,000 after purchasing an additional 505 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in iShares AAA CLO Active ETF during the 4th quarter valued at $31,000. Kelleher Financial Advisors purchased a new stake in iShares AAA CLO Active ETF during the 4th quarter valued at $112,000. Finally, Cox Capital Mgt LLC lifted its position in iShares AAA CLO Active ETF by 12.8% in the fourth quarter. Cox Capital Mgt LLC now owns 28,922 shares of the company’s stock worth $1,499,000 after buying an additional 3,280 shares during the last quarter.

iShares AAA CLO Active ETF Company Profile

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.