Alpha Zero LLC Makes New $8.34 Million Investment in VanEck CLO ETF $CLOI

Alpha Zero LLC acquired a new stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) during the first quarter, HoldingsChannel.com reports. The firm acquired 158,268 shares of the company’s stock, valued at approximately $8,341,000. VanEck CLO ETF accounts for 4.2% of Alpha Zero LLC’s holdings, making the stock its 10th biggest position.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp bought a new stake in VanEck CLO ETF in the first quarter worth $32,000. Wells Fargo & Company MN bought a new position in VanEck CLO ETF during the fourth quarter valued at $37,000. Raleigh Capital Management Inc. bought a new position in VanEck CLO ETF during the fourth quarter valued at $43,000. NBC Securities Inc. purchased a new stake in shares of VanEck CLO ETF in the fourth quarter valued at $61,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of VanEck CLO ETF in the fourth quarter valued at $68,000.

VanEck CLO ETF Stock Performance

VanEck CLO ETF stock opened at $52.85 on Tuesday. VanEck CLO ETF has a 12-month low of $52.36 and a 12-month high of $53.15. The firm has a 50-day moving average price of $52.86 and a 200-day moving average price of $52.79.

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.