Fulcrum Equity Management Buys Shares of 12,383 VanEck CLO ETF $CLOI

Fulcrum Equity Management purchased a new position in VanEck CLO ETF (NYSEARCA:CLOI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,383 shares of the company’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLOI. AE Wealth Management LLC raised its stake in VanEck CLO ETF by 7.6% during the 4th quarter. AE Wealth Management LLC now owns 244,329 shares of the company’s stock valued at $12,903,000 after buying an additional 17,325 shares during the last quarter. Galvin Gaustad & Stein LLC purchased a new position in shares of VanEck CLO ETF in the 4th quarter worth $1,385,000. Financial Management Network Inc. boosted its stake in shares of VanEck CLO ETF by 23.2% in the 1st quarter. Financial Management Network Inc. now owns 129,560 shares of the company’s stock worth $6,807,000 after buying an additional 24,372 shares during the last quarter. Diversified Portfolios Inc. bought a new stake in shares of VanEck CLO ETF in the fourth quarter worth $5,429,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new stake in shares of VanEck CLO ETF in the fourth quarter worth $11,967,000.

VanEck CLO ETF Price Performance

CLOI stock opened at $52.82 on Tuesday. VanEck CLO ETF has a fifty-two week low of $52.36 and a fifty-two week high of $53.15. The business’s 50-day moving average is $52.86 and its two-hundred day moving average is $52.79.

VanEck CLO ETF Company 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.