Breakwater Capital Group Sells 13,270 Shares of VanEck CLO ETF $CLOI

Breakwater Capital Group reduced its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 28.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,745 shares of the company’s stock after selling 13,270 shares during the period. Breakwater Capital Group owned about 0.13% of VanEck CLO ETF worth $1,726,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Pinebridge Investments LLC bought a new stake in shares of VanEck CLO ETF during the 4th quarter valued at $31,530,000. LPL Financial LLC lifted its position in VanEck CLO ETF by 26.1% during the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock valued at $107,077,000 after purchasing an additional 419,749 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in VanEck CLO ETF during the fourth quarter valued at $13,582,000. Darwin Wealth Management LLC bought a new stake in VanEck CLO ETF during the second quarter valued at about $13,048,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new stake in VanEck CLO ETF during the fourth quarter valued at about $11,967,000.

VanEck CLO ETF Stock Up 0.0%

NYSEARCA CLOI opened at $52.94 on Thursday. VanEck CLO ETF has a 52 week low of $52.36 and a 52 week high of $53.15. The stock’s 50-day moving average price is $52.82 and its 200-day moving average price is $52.80.

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.