WESPAC Advisors LLC Sells 53,327 Shares of VanEck CLO ETF $CLOI

WESPAC Advisors LLC reduced its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 89.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,472 shares of the company’s stock after selling 53,327 shares during the period. WESPAC Advisors LLC’s holdings in VanEck CLO ETF were worth $343,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CLOI. Portside Wealth Group LLC bought a new position in VanEck CLO ETF in the 1st quarter worth approximately $237,000. Simplicity Wealth LLC bought a new stake in shares of VanEck CLO ETF during the first quarter valued at approximately $261,000. Optivise Advisory Services LLC bought a new stake in shares of VanEck CLO ETF during the first quarter valued at approximately $559,000. LifeWealth Investments LLC bought a new stake in shares of VanEck CLO ETF during the first quarter valued at approximately $316,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of VanEck CLO ETF by 118.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 36,101 shares of the company’s stock valued at $1,908,000 after purchasing an additional 19,590 shares during the period.

VanEck CLO ETF Stock Performance

CLOI opened at $52.92 on Wednesday. VanEck CLO ETF has a 1 year low of $50.12 and a 1 year high of $53.21. The stock’s 50 day simple moving average is $52.96 and its 200-day simple moving average is $52.79.

VanEck CLO ETF 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.