Envestnet Asset Management Inc. Acquires 135,026 Shares of BondBloxx Private Credit CLO ETF $PCMM

Envestnet Asset Management Inc. lifted its holdings in shares of BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) by 956.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,137 shares of the company’s stock after buying an additional 135,026 shares during the period. Envestnet Asset Management Inc. owned about 4.36% of BondBloxx Private Credit CLO ETF worth $7,542,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PCMM. Balance Wealth LLC increased its position in shares of BondBloxx Private Credit CLO ETF by 26.0% during the 3rd quarter. Balance Wealth LLC now owns 63,135 shares of the company’s stock worth $3,193,000 after purchasing an additional 13,030 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in shares of BondBloxx Private Credit CLO ETF in the third quarter valued at $971,000. Thrivent Financial for Lutherans acquired a new position in BondBloxx Private Credit CLO ETF during the second quarter worth $3,027,000. Orion Porfolio Solutions LLC increased its holdings in BondBloxx Private Credit CLO ETF by 72.7% during the second quarter. Orion Porfolio Solutions LLC now owns 114,332 shares of the company’s stock worth $5,760,000 after buying an additional 48,127 shares during the last quarter. Finally, Weaver Consulting Group bought a new stake in BondBloxx Private Credit CLO ETF during the second quarter worth $413,000.

BondBloxx Private Credit CLO ETF Price Performance

Shares of PCMM opened at $50.49 on Friday. The firm has a 50-day moving average of $50.25 and a 200-day moving average of $50.34. BondBloxx Private Credit CLO ETF has a one year low of $48.38 and a one year high of $52.02.

BondBloxx Private Credit CLO ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2648 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.