Advance Capital Management Inc. Cuts Position in Janus Henderson AAA CLO ETF $JAAA

Advance Capital Management Inc. cut its stake in Janus Henderson AAA CLO ETF (NYSEARCA:JAAA) by 44.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 840,218 shares of the company’s stock after selling 681,190 shares during the period. Janus Henderson AAA CLO ETF accounts for approximately 1.8% of Advance Capital Management Inc.’s investment portfolio, making the stock its 7th largest holding. Advance Capital Management Inc. owned 0.17% of Janus Henderson AAA CLO ETF worth $42,498,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in JAAA. Castle Wealth Management LLC increased its holdings in shares of Janus Henderson AAA CLO ETF by 263.3% during the third quarter. Castle Wealth Management LLC now owns 217,411 shares of the company’s stock valued at $11,040,000 after purchasing an additional 157,575 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Janus Henderson AAA CLO ETF by 12.3% during the third quarter. Harbor Investment Advisory LLC now owns 126,754 shares of the company’s stock valued at $6,437,000 after purchasing an additional 13,870 shares in the last quarter. Dynamic Financial Group acquired a new stake in Janus Henderson AAA CLO ETF in the third quarter worth about $578,000. Destiny Wealth Partners LLC lifted its holdings in Janus Henderson AAA CLO ETF by 5.3% in the third quarter. Destiny Wealth Partners LLC now owns 913,944 shares of the company’s stock worth $46,410,000 after purchasing an additional 45,731 shares during the period. Finally, Drake & Associates LLC grew its position in Janus Henderson AAA CLO ETF by 17.9% in the 3rd quarter. Drake & Associates LLC now owns 579,797 shares of the company’s stock valued at $29,320,000 after buying an additional 87,865 shares in the last quarter.

Janus Henderson AAA CLO ETF Trading Up 0.1%

NYSEARCA JAAA opened at $50.50 on Friday. Janus Henderson AAA CLO ETF has a 12 month low of $49.65 and a 12 month high of $50.85. The company’s 50 day simple moving average is $50.63 and its 200 day simple moving average is $50.63.

Janus Henderson AAA CLO ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Friday, February 27th were given a dividend of $0.1934 per share. This is a boost from Janus Henderson AAA CLO ETF’s previous monthly dividend of $0.18. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.6%.

About Janus Henderson AAA CLO ETF

The Janus Henderson AAA CLO ETF (JAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income by actively selecting investment-grade floating rate collateralized loan obligations (CLO) securities of various maturities from issuers around the globe. JAAA was launched on Oct 16, 2020 and is managed by Janus Henderson.