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

Envestnet Asset Management Inc. boosted its stake in shares of BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) by 956.9% in the third quarter, HoldingsChannel reports. The firm owned 149,137 shares of the company’s stock after purchasing an additional 135,026 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BondBloxx Private Credit CLO ETF were worth $7,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC acquired a new stake in shares of BondBloxx Private Credit CLO ETF during the 3rd quarter worth about $34,000. Bulwark Capital Corp bought a new position in BondBloxx Private Credit CLO ETF in the 3rd quarter valued at about $116,000. Steward Partners Investment Advisory LLC acquired a new stake in BondBloxx Private Credit CLO ETF during the second quarter worth approximately $173,000. Avaii Wealth Management LLC bought a new stake in shares of BondBloxx Private Credit CLO ETF during the third quarter worth approximately $223,000. Finally, Heck Capital Advisors LLC grew its position in shares of BondBloxx Private Credit CLO ETF by 25.6% in the third quarter. Heck Capital Advisors LLC now owns 5,377 shares of the company’s stock valued at $272,000 after purchasing an additional 1,095 shares during the last quarter.

BondBloxx Private Credit CLO ETF Trading Up 0.4%

Shares of NASDAQ PCMM opened at $50.49 on Friday. BondBloxx Private Credit CLO ETF has a 1-year low of $48.38 and a 1-year high of $52.02. The business’s 50 day moving average is $50.25 and its 200-day moving average is $50.34.

BondBloxx Private Credit CLO ETF Cuts Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.3%.

BondBloxx Private Credit CLO ETF Profile

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.