iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Should You Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw an uptick in trading volume on Wednesday . 478,597 shares changed hands during trading, an increase of 132% from the previous session’s volume of 206,009 shares.The stock last traded at $51.93 and had previously closed at $51.96.

iShares AAA CLO Active ETF Price Performance

The firm’s fifty day moving average price is $51.83 and its 200-day moving average price is $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.2447 per share. The ex-dividend date was Wednesday, December 18th.

Institutional Trading of iShares AAA CLO Active ETF

A number of large investors have recently made changes to their positions in CLOA. Invst LLC purchased a new stake in iShares AAA CLO Active ETF in the second quarter valued at approximately $576,000. High Falls Advisors Inc purchased a new stake in iShares AAA CLO Active ETF in the 2nd quarter valued at $512,000. Truist Financial Corp acquired a new stake in iShares AAA CLO Active ETF during the 2nd quarter worth $1,223,000. Cetera Investment Advisers purchased a new position in iShares AAA CLO Active ETF during the 2nd quarter worth $1,937,000. Finally, Park Avenue Securities LLC increased its stake in iShares AAA CLO Active ETF by 43.5% in the third quarter. Park Avenue Securities LLC now owns 54,521 shares of the company’s stock valued at $2,833,000 after purchasing an additional 16,524 shares during the period.

iShares AAA CLO Active ETF Company Profile

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.