JPMorgan Chase & Co. Makes New $1.58 Million Investment in Eldridge BBB-B CLO ETF $CLOZ

JPMorgan Chase & Co. acquired a new position in Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 58,889 shares of the company’s stock, valued at approximately $1,579,000.

Other large investors have also recently bought and sold shares of the company. Copia Wealth Management raised its position in Eldridge BBB-B CLO ETF by 147.2% in the third quarter. Copia Wealth Management now owns 72,049 shares of the company’s stock worth $1,932,000 after acquiring an additional 42,908 shares in the last quarter. Sound Income Strategies LLC raised its position in Eldridge BBB-B CLO ETF by 62.5% in the third quarter. Sound Income Strategies LLC now owns 144,012 shares of the company’s stock worth $3,843,000 after acquiring an additional 55,396 shares in the last quarter. Claris Financial LLC purchased a new position in Eldridge BBB-B CLO ETF in the second quarter worth $922,000. Flow Traders U.S. LLC purchased a new position in Eldridge BBB-B CLO ETF in the third quarter worth $4,278,000. Finally, Basso Capital Management L.P. raised its position in Eldridge BBB-B CLO ETF by 1,492.6% in the third quarter. Basso Capital Management L.P. now owns 55,740 shares of the company’s stock worth $1,495,000 after acquiring an additional 52,240 shares in the last quarter.

Eldridge BBB-B CLO ETF Trading Up 0.7%

NYSEARCA:CLOZ opened at $25.74 on Thursday. The stock has a fifty day moving average price of $25.99 and a two-hundred day moving average price of $26.40. Eldridge BBB-B CLO ETF has a 1 year low of $25.23 and a 1 year high of $26.96.

Eldridge BBB-B CLO ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, February 3rd were given a $0.1557 dividend. The ex-dividend date was Tuesday, February 3rd. This represents a c) annualized dividend and a yield of 7.3%.

Eldridge BBB-B CLO ETF Profile

The Panagram Bbb-B Clo ETF (CLOZ) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in USD-denominated collateralized loan obligations of any maturity that are rated between BBB+ and B-. CLOZ was launched on Jan 24, 2023 and is managed by Panagram.