Bright Futures Wealth Management LLC. Purchases Shares of 30,289 VanEck CLO ETF $CLOI

Bright Futures Wealth Management LLC. acquired a new position in VanEck CLO ETF (NYSEARCA:CLOI) in the 3rd quarter, HoldingsChannel reports. The firm acquired 30,289 shares of the company’s stock, valued at approximately $1,608,000. VanEck CLO ETF makes up 1.3% of Bright Futures Wealth Management LLC.’s portfolio, making the stock its 21st largest position.

Several other hedge funds have also recently made changes to their positions in the business. Arete Wealth Advisors LLC increased its stake in shares of VanEck CLO ETF by 257.1% during the third quarter. Arete Wealth Advisors LLC now owns 97,611 shares of the company’s stock valued at $5,183,000 after buying an additional 70,274 shares during the period. Trivium Point Advisory LLC boosted its holdings in VanEck CLO ETF by 1.7% in the third quarter. Trivium Point Advisory LLC now owns 16,644 shares of the company’s stock valued at $884,000 after acquiring an additional 273 shares in the last quarter. MAI Capital Management boosted its holdings in VanEck CLO ETF by 18.5% in the third quarter. MAI Capital Management now owns 12,709 shares of the company’s stock valued at $675,000 after acquiring an additional 1,988 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in VanEck CLO ETF during the 3rd quarter valued at $3,623,000. Finally, Piedmont Capital Management LLC raised its holdings in VanEck CLO ETF by 5.3% in the 3rd quarter. Piedmont Capital Management LLC now owns 49,292 shares of the company’s stock worth $2,606,000 after purchasing an additional 2,500 shares in the last quarter.

VanEck CLO ETF Stock Down 0.1%

Shares of CLOI opened at $52.90 on Monday. The firm’s 50-day moving average price is $52.90 and its 200-day moving average price is $52.93. VanEck CLO ETF has a 1-year low of $50.12 and a 1-year high of $53.15.

VanEck 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 $0.2334 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Monday, February 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.