Royal Bank of Canada Purchases 12,992 Shares of VanEck AA-BB CLO ETF $CLOB

Royal Bank of Canada increased its position in shares of VanEck AA-BB CLO ETF (NYSEARCA:CLOB) by 108.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,996 shares of the company’s stock after purchasing an additional 12,992 shares during the quarter. Royal Bank of Canada owned approximately 0.76% of VanEck AA-BB CLO ETF worth $1,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC purchased a new position in shares of VanEck AA-BB CLO ETF in the 4th quarter worth approximately $8,031,000. Darwin Wealth Management LLC purchased a new position in VanEck AA-BB CLO ETF in the second quarter worth $7,755,000. Jane Street Group LLC grew its stake in VanEck AA-BB CLO ETF by 187.3% in the 2nd quarter. Jane Street Group LLC now owns 202,298 shares of the company’s stock valued at $10,281,000 after purchasing an additional 131,895 shares during the period. L & S Advisors Inc raised its stake in shares of VanEck AA-BB CLO ETF by 320.8% during the 4th quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock worth $7,116,000 after purchasing an additional 107,073 shares during the period. Finally, Employees Retirement Fund of the City of Fort Worth bought a new position in VanEck AA-BB CLO ETF during the fourth quarter valued at about $1,986,000.

VanEck AA-BB CLO ETF Stock Up 0.1%

Shares of CLOB stock opened at $50.38 on Friday. The firm’s 50-day simple moving average is $50.35 and its two-hundred day simple moving average is $50.30. VanEck AA-BB CLO ETF has a 52 week low of $49.28 and a 52 week high of $51.17.

VanEck AA-BB CLO ETF Profile

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.