Synovus Financial Corp Takes $210,000 Position in VanEck CLO ETF (NYSEARCA:CLOI)

Synovus Financial Corp bought a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the third quarter, Holdings Channel reports. The institutional investor bought 3,966 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds have also recently modified their holdings of the company. Atria Wealth Solutions Inc. purchased a new stake in VanEck CLO ETF during the 2nd quarter worth approximately $1,413,000. Strategic Blueprint LLC purchased a new stake in shares of VanEck CLO ETF during the second quarter worth approximately $441,000. Arkadios Wealth Advisors purchased a new stake in shares of VanEck CLO ETF during the second quarter worth approximately $227,000. Ameritas Advisory Services LLC raised its stake in VanEck CLO ETF by 7.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 9,072 shares of the company’s stock valued at $480,000 after purchasing an additional 663 shares during the last quarter. Finally, Trademark Financial Management LLC boosted its stake in VanEck CLO ETF by 45.0% during the 2nd quarter. Trademark Financial Management LLC now owns 22,249 shares of the company’s stock worth $1,178,000 after purchasing an additional 6,902 shares during the last quarter.

VanEck CLO ETF Stock Performance

CLOI opened at $53.03 on Friday. VanEck CLO ETF has a twelve month low of $52.06 and a twelve month high of $53.21. The firm’s 50-day moving average price is $52.99 and its 200 day moving average price is $52.90.

VanEck CLO ETF Company Profile

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.