Capital Investment Advisors LLC Has $82.58 Million Stake in VanEck CLO ETF $CLOI

Capital Investment Advisors LLC grew its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,563,732 shares of the company’s stock after acquiring an additional 129,592 shares during the quarter. VanEck CLO ETF accounts for about 1.3% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Capital Investment Advisors LLC owned about 6.23% of VanEck CLO ETF worth $82,581,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its position in shares of VanEck CLO ETF by 177.6% during the third quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after acquiring an additional 451 shares in the last quarter. Clear Investment Research LLC acquired a new position in VanEck CLO ETF in the 3rd quarter worth $89,000. Equitable Holdings Inc. acquired a new position in VanEck CLO ETF in the 3rd quarter worth $213,000. Discipline Wealth Solutions LLC bought a new position in VanEck CLO ETF during the 3rd quarter worth about $259,000. Finally, Arkadios Wealth Advisors raised its stake in shares of VanEck CLO ETF by 4.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,244 shares of the company’s stock valued at $278,000 after purchasing an additional 243 shares during the period.

VanEck CLO ETF Stock Performance

Shares of VanEck CLO ETF stock opened at $52.63 on Friday. The stock’s 50-day moving average is $52.78 and its 200-day moving average is $52.87. VanEck CLO ETF has a one year low of $50.12 and a one year high of $53.15.

VanEck CLO ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.2002 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, March 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.