Sheets Smith Wealth Management Has $238,000 Stock Position in VanEck CLO ETF $CLOI

Sheets Smith Wealth Management lessened its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 6.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,500 shares of the company’s stock after selling 300 shares during the quarter. Sheets Smith Wealth Management’s holdings in VanEck CLO ETF were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its position in VanEck CLO ETF by 50.0% during the first quarter. LPL Financial LLC now owns 1,283,259 shares of the company’s stock worth $67,807,000 after acquiring an additional 427,476 shares in the last quarter. Capital Investment Advisors LLC increased its stake in shares of VanEck CLO ETF by 21.2% during the 1st quarter. Capital Investment Advisors LLC now owns 1,122,520 shares of the company’s stock worth $59,314,000 after purchasing an additional 196,033 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of VanEck CLO ETF by 601.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 485,336 shares of the company’s stock valued at $25,645,000 after purchasing an additional 416,160 shares during the period. Brookstone Capital Management lifted its stake in VanEck CLO ETF by 31.3% in the 1st quarter. Brookstone Capital Management now owns 299,903 shares of the company’s stock valued at $15,847,000 after purchasing an additional 71,529 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in VanEck CLO ETF by 0.8% in the 2nd quarter. Gradient Investments LLC now owns 277,737 shares of the company’s stock valued at $14,706,000 after purchasing an additional 2,132 shares during the last quarter.

VanEck CLO ETF Trading Down 0.1%

VanEck CLO ETF stock opened at $53.01 on Friday. The stock has a 50-day simple moving average of $52.96 and a 200 day simple moving average of $52.79. VanEck CLO ETF has a 52 week low of $50.12 and a 52 week high of $53.21.

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.