Lord & Richards Wealth Management LLC Invests $2.21 Million in BondBloxx Private Credit CLO ETF $PCMM

Lord & Richards Wealth Management LLC acquired a new stake in shares of BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,673 shares of the company’s stock, valued at approximately $2,209,000. BondBloxx Private Credit CLO ETF makes up about 2.0% of Lord & Richards Wealth Management LLC’s holdings, making the stock its 12th largest holding. Lord & Richards Wealth Management LLC owned about 1.28% of BondBloxx Private Credit CLO ETF as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PCMM. Prime Capital Investment Advisors LLC bought a new position in BondBloxx Private Credit CLO ETF during the second quarter valued at approximately $1,865,000. RFG Advisory LLC purchased a new stake in shares of BondBloxx Private Credit CLO ETF in the 2nd quarter valued at $801,000. Mattson Financial Services LLC boosted its stake in shares of BondBloxx Private Credit CLO ETF by 5.7% in the 2nd quarter. Mattson Financial Services LLC now owns 62,844 shares of the company’s stock valued at $3,166,000 after purchasing an additional 3,388 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of BondBloxx Private Credit CLO ETF by 31.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 26,339 shares of the company’s stock valued at $1,338,000 after purchasing an additional 6,276 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in BondBloxx Private Credit CLO ETF in the 2nd quarter worth $711,000.

BondBloxx Private Credit CLO ETF Price Performance

BondBloxx Private Credit CLO ETF stock opened at $50.35 on Tuesday. The firm has a fifty day simple moving average of $50.18 and a two-hundred day simple moving average of $50.37. BondBloxx Private Credit CLO ETF has a twelve month low of $48.38 and a twelve month high of $52.02.

BondBloxx Private Credit CLO ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be issued a dividend of $0.2648 per share. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.3%.

About BondBloxx Private Credit CLO ETF

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.