Envestnet Asset Management Inc. Invests $711,000 in BondBloxx Private Credit CLO ETF $PCMM

Envestnet Asset Management Inc. bought a new stake in shares of BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 14,111 shares of the company’s stock, valued at approximately $711,000.

A number of other hedge funds have also recently added to or reduced their stakes in PCMM. Financial Partners Group Inc grew its position in BondBloxx Private Credit CLO ETF by 3.1% during the second quarter. Financial Partners Group Inc now owns 17,797 shares of the company’s stock valued at $897,000 after buying an additional 543 shares during the period. Mattson Financial Services LLC purchased a new stake in shares of BondBloxx Private Credit CLO ETF during the 1st quarter worth about $3,025,000. Gradient Investments LLC grew its position in shares of BondBloxx Private Credit CLO ETF by 6.4% during the 2nd quarter. Gradient Investments LLC now owns 552,157 shares of the company’s stock valued at $27,818,000 after acquiring an additional 33,373 shares during the period. Prime Capital Investment Advisors LLC purchased a new position in shares of BondBloxx Private Credit CLO ETF in the 2nd quarter valued at about $1,865,000. Finally, Independent Wealth Network Inc. acquired a new position in BondBloxx Private Credit CLO ETF in the 2nd quarter worth about $603,000.

BondBloxx Private Credit CLO ETF Trading Up 0.1%

Shares of PCMM stock opened at $50.38 on Monday. BondBloxx Private Credit CLO ETF has a 12-month low of $48.38 and a 12-month high of $52.73. The business’s 50 day moving average is $50.35 and its two-hundred day moving average is $50.52.

BondBloxx Private Credit CLO ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2892 per share. This is a positive change from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.28. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

About BondBloxx Private Credit CLO ETF

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.