TRUE Private Wealth Advisors Makes New $234,000 Investment in VanEck CLO ETF (NYSEARCA:CLOI)

TRUE Private Wealth Advisors purchased a new position in VanEck CLO ETF (NYSEARCA:CLOI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,486 shares of the company’s stock, valued at approximately $234,000. TRUE Private Wealth Advisors owned 0.20% of VanEck CLO ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. FAS Wealth Partners Inc. boosted its position in shares of VanEck CLO ETF by 48.1% during the third quarter. FAS Wealth Partners Inc. now owns 659 shares of the company’s stock worth $34,000 after acquiring an additional 214 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of VanEck CLO ETF during the third quarter worth $202,000. Lincoln National Corp bought a new position in shares of VanEck CLO ETF during the third quarter worth $205,000. Sheets Smith Wealth Management purchased a new stake in VanEck CLO ETF during the third quarter valued at $209,000. Finally, Financial Management Network Inc. purchased a new stake in VanEck CLO ETF during the fourth quarter valued at $322,000.

VanEck CLO ETF Stock Down 0.2 %

VanEck CLO ETF stock opened at $52.71 on Friday. The firm’s fifty day moving average is $52.59 and its 200 day moving average is $52.34. VanEck CLO ETF has a 52-week low of $51.24 and a 52-week high of $52.98.

VanEck CLO ETF 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.