iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – Time to Buy?

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw strong trading volume on Tuesday . 316,658 shares traded hands during trading, an increase of 25% from the previous session’s volume of 252,945 shares.The stock last traded at $51.83 and had previously closed at $51.83.

iShares AAA CLO Active ETF Price Performance

The firm has a 50-day moving average of $51.84 and a 200 day moving average of $51.85.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2438 per share. The ex-dividend date is Monday, February 3rd.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

A number of hedge funds have recently modified their holdings of CLOA. PSI Advisors LLC lifted its position in iShares AAA CLO Active ETF by 76.2% during the 4th quarter. PSI Advisors LLC now owns 916 shares of the company’s stock worth $47,000 after buying an additional 396 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in iShares AAA CLO Active ETF by 45.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,690 shares of the company’s stock worth $88,000 after buying an additional 530 shares in the last quarter. Freestate Advisors LLC bought a new position in iShares AAA CLO Active ETF in the 3rd quarter valued at $258,000. IFP Advisors Inc increased its stake in shares of iShares AAA CLO Active ETF by 1.3% in the 4th quarter. IFP Advisors Inc now owns 14,876 shares of the company’s stock valued at $770,000 after buying an additional 194 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of iShares AAA CLO Active ETF by 71.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 19,172 shares of the company’s stock worth $996,000 after acquiring an additional 8,012 shares during the last quarter.

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.