UMB Bank n.a. Invests $568,000 in VanEck CLO ETF $CLOI

UMB Bank n.a. purchased a new stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 10,700 shares of the company’s stock, valued at approximately $568,000.

Several other institutional investors have also added to or reduced their stakes in the business. Ascension Capital Advisors Inc. purchased a new position in VanEck CLO ETF in the 2nd quarter valued at approximately $214,000. Brookstone Capital Management boosted its position in shares of VanEck CLO ETF by 7.8% during the 3rd quarter. Brookstone Capital Management now owns 308,695 shares of the company’s stock worth $16,392,000 after acquiring an additional 22,237 shares in the last quarter. Optivise Advisory Services LLC increased its stake in VanEck CLO ETF by 10.6% in the second quarter. Optivise Advisory Services LLC now owns 11,702 shares of the company’s stock valued at $620,000 after purchasing an additional 1,120 shares during the last quarter. Impact Partnership Wealth LLC grew its position in shares of VanEck CLO ETF by 120.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 27,768 shares of the company’s stock valued at $1,474,000 after buying an additional 15,176 shares during the last quarter. Finally, Creekside Partners purchased a new stake in shares of VanEck CLO ETF in the 2nd quarter valued at about $209,000.

VanEck CLO ETF Price Performance

Shares of VanEck CLO ETF stock opened at $52.86 on Tuesday. VanEck CLO ETF has a 1 year low of $50.12 and a 1 year high of $53.15. The company’s fifty day moving average is $52.89 and its two-hundred day moving average is $52.93.

VanEck CLO ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.2334 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.