Capital Investment Advisors LLC Buys 129,592 Shares of VanEck CLO ETF $CLOI

Capital Investment Advisors LLC boosted its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,563,732 shares of the company’s stock after purchasing an additional 129,592 shares during the quarter. VanEck CLO ETF comprises 1.3% of Capital Investment Advisors LLC’s holdings, making the stock its 16th largest holding. Capital Investment Advisors LLC owned 0.06% of VanEck CLO ETF worth $82,581,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CWM LLC raised its holdings in 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 buying an additional 451 shares during the last quarter. Clear Investment Research LLC purchased a new stake in VanEck CLO ETF during the third quarter valued at about $89,000. Equitable Holdings Inc. bought a new position in VanEck CLO ETF in the 3rd quarter worth approximately $213,000. Discipline Wealth Solutions LLC purchased a new position in shares of VanEck CLO ETF in the third quarter valued at $259,000. Finally, Arkadios Wealth Advisors grew its stake in VanEck CLO ETF by 4.9% during the third quarter. Arkadios Wealth Advisors now owns 5,244 shares of the company’s stock valued at $278,000 after acquiring an additional 243 shares in the last quarter.

VanEck CLO ETF Trading Down 0.1%

Shares of CLOI opened at $52.63 on Friday. VanEck CLO ETF has a 12-month low of $50.12 and a 12-month high of $53.15. The stock has a 50-day moving average price of $52.78 and a 200-day moving average price of $52.87.

VanEck CLO ETF Cuts Dividend

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

About VanEck CLO ETF

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.