Axxcess Wealth Management LLC Makes New $13.50 Million Investment in VanEck CLO ETF $CLOI

Axxcess Wealth Management LLC acquired a new position in VanEck CLO ETF (NYSEARCA:CLOI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 255,648 shares of the company’s stock, valued at approximately $13,501,000. Axxcess Wealth Management LLC owned approximately 1.01% of VanEck CLO ETF at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Trivium Point Advisory LLC grew its position in shares of VanEck CLO ETF by 1.7% during the third quarter. Trivium Point Advisory LLC now owns 16,644 shares of the company’s stock worth $884,000 after purchasing an additional 273 shares in the last quarter. Wayfinding Financial LLC boosted its stake in VanEck CLO ETF by 0.6% in the 3rd quarter. Wayfinding Financial LLC now owns 54,820 shares of the company’s stock worth $2,910,000 after purchasing an additional 316 shares during the period. Portside Wealth Group LLC grew its holdings in VanEck CLO ETF by 5.5% during the 4th quarter. Portside Wealth Group LLC now owns 6,593 shares of the company’s stock valued at $348,000 after buying an additional 345 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in VanEck CLO ETF by 8.1% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 4,744 shares of the company’s stock valued at $251,000 after buying an additional 354 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC raised its position in shares of VanEck CLO ETF by 0.7% during the third quarter. Mpwm Advisory Solutions LLC now owns 52,784 shares of the company’s stock valued at $2,803,000 after buying an additional 365 shares during the last quarter.

VanEck CLO ETF Price Performance

CLOI stock opened at $52.92 on Friday. The company’s fifty day moving average price is $52.79 and its 200-day moving average price is $52.79. VanEck CLO ETF has a one year low of $52.36 and a one year 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.