WealthPLAN Partners LLC Makes New $6.83 Million Investment in VanEck CLO ETF $CLOI

WealthPLAN Partners LLC purchased a new stake in VanEck CLO ETF (NYSEARCA:CLOI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 128,957 shares of the company’s stock, valued at approximately $6,831,000. VanEck CLO ETF makes up approximately 1.2% of WealthPLAN Partners LLC’s portfolio, making the stock its 19th largest position.

A number of other large investors have also recently added to or reduced their stakes in CLOI. Triumph Capital Management bought a new stake in shares of VanEck CLO ETF in the 3rd quarter worth about $291,000. MinichMacGregor Wealth Management LLC lifted its position in shares of VanEck CLO ETF by 17.5% during the third quarter. MinichMacGregor Wealth Management LLC now owns 7,437 shares of the company’s stock worth $394,000 after purchasing an additional 1,107 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. bought a new position in shares of VanEck CLO ETF during the third quarter worth about $5,051,000. Sax Wealth Advisors LLC lifted its position in shares of VanEck CLO ETF by 40.3% during the third quarter. Sax Wealth Advisors LLC now owns 562,168 shares of the company’s stock worth $29,778,000 after purchasing an additional 161,469 shares during the last quarter. Finally, GK Wealth Management LLC acquired a new position in VanEck CLO ETF in the third quarter worth about $243,000.

VanEck CLO ETF Stock Up 0.0%

NYSEARCA:CLOI traded up $0.03 during mid-day trading on Thursday, reaching $52.85. The stock had a trading volume of 120,859 shares, compared to its average volume of 257,476. VanEck CLO ETF has a 1-year low of $52.36 and a 1-year high of $53.10. The stock’s 50 day simple moving average is $52.88 and its two-hundred day simple moving average is $52.83.

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.