Koshinski Asset Management Inc. Buys New Shares in VanEck CLO ETF $CLOI

Koshinski Asset Management Inc. purchased a new position in VanEck CLO ETF (NYSEARCA:CLOI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 68,239 shares of the company’s stock, valued at approximately $3,623,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CLOI. Independence Asset Advisors LLC boosted its stake in shares of VanEck CLO ETF by 43.0% during the 3rd quarter. Independence Asset Advisors LLC now owns 1,572,716 shares of the company’s stock worth $83,507,000 after acquiring an additional 473,096 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of VanEck CLO ETF by 11.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 1,434,140 shares of the company’s stock valued at $76,153,000 after purchasing an additional 147,163 shares during the period. TRUE Private Wealth Advisors increased its stake in VanEck CLO ETF by 4.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 360,791 shares of the company’s stock worth $19,104,000 after purchasing an additional 14,066 shares in the last quarter. WealthPlan Investment Management LLC increased its stake in VanEck CLO ETF by 3.6% in the 3rd quarter. WealthPlan Investment Management LLC now owns 323,776 shares of the company’s stock worth $17,193,000 after purchasing an additional 11,305 shares in the last quarter. Finally, Ferguson Shapiro LLC raised its holdings in VanEck CLO ETF by 98.2% during the 2nd quarter. Ferguson Shapiro LLC now owns 323,062 shares of the company’s stock worth $17,106,000 after buying an additional 160,052 shares during the period.

VanEck CLO ETF Stock Down 0.1%

CLOI stock opened at $52.90 on Friday. VanEck CLO ETF has a one year low of $50.12 and a one year high of $53.15. The firm has a 50-day moving average of $52.90 and a two-hundred day moving average of $52.92.

VanEck CLO ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.2334 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a 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.