VanEck CLO ETF $CLOI Shares Sold by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators reduced its position in VanEck CLO ETF (NYSEARCA:CLOI) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 277,556 shares of the company’s stock after selling 13,691 shares during the quarter. VanEck CLO ETF comprises approximately 6.3% of Deseret Mutual Benefit Administrators’ portfolio, making the stock its 3rd biggest position. Deseret Mutual Benefit Administrators owned approximately 1.09% of VanEck CLO ETF worth $14,658,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CLOI. Axxcess Wealth Management LLC purchased a new position in VanEck CLO ETF in the fourth quarter worth $13,582,000. Darwin Wealth Management LLC acquired a new position in shares of VanEck CLO ETF during the 2nd quarter worth $13,048,000. Moneta Group Investment Advisors LLC purchased a new stake in VanEck CLO ETF during the 3rd quarter worth about $11,647,000. Capital Investment Advisors LLC increased its position in VanEck CLO ETF by 9.0% during the 4th quarter. Capital Investment Advisors LLC now owns 1,563,732 shares of the company’s stock worth $82,581,000 after purchasing an additional 129,592 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in VanEck CLO ETF by 64.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 270,211 shares of the company’s stock worth $14,270,000 after purchasing an additional 106,212 shares in the last quarter.

VanEck CLO ETF Stock Performance

CLOI opened at $52.79 on Friday. The business has a 50-day moving average of $52.73 and a two-hundred day moving average of $52.80. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.15.

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.