TRUE Private Wealth Advisors Increases Stock Holdings in VanEck CLO ETF (NYSEARCA:CLOI)

TRUE Private Wealth Advisors boosted its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 229.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 157,868 shares of the company’s stock after buying an additional 109,947 shares during the quarter. VanEck CLO ETF makes up 1.0% of TRUE Private Wealth Advisors’ investment portfolio, making the stock its 15th largest holding. TRUE Private Wealth Advisors owned 2.59% of VanEck CLO ETF worth $8,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. PSI Advisors LLC purchased a new position in shares of VanEck CLO ETF in the 3rd quarter worth approximately $42,000. Mattson Financial Services LLC bought a new stake in VanEck CLO ETF during the second quarter worth $90,000. Raleigh Capital Management Inc. bought a new position in VanEck CLO ETF in the 3rd quarter valued at $116,000. Annapolis Financial Services LLC bought a new position in VanEck CLO ETF in the 2nd quarter valued at $133,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of VanEck CLO ETF during the 3rd quarter valued at $136,000.

VanEck CLO ETF Price Performance

Shares of NYSEARCA:CLOI opened at $53.15 on Friday. VanEck CLO ETF has a fifty-two week low of $52.06 and a fifty-two week high of $53.21. The company’s 50-day moving average is $52.96 and its 200 day moving average is $52.89.

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.