Narwhal Capital Management Makes New $1.49 Million Investment in VanEck CLO ETF $CLOI

Narwhal Capital Management bought a new stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 28,162 shares of the company’s stock, valued at approximately $1,492,000. Narwhal Capital Management owned 0.08% of VanEck CLO ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Investment Advisors LLC acquired a new position in shares of VanEck CLO ETF in the third quarter worth $100,933,000. Sax Wealth Advisors LLC raised its holdings 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 acquiring an additional 161,469 shares in the last quarter. Gradient Investments LLC boosted its position in VanEck CLO ETF by 2.6% during the second quarter. Gradient Investments LLC now owns 275,289 shares of the company’s stock valued at $14,577,000 after purchasing an additional 6,992 shares during the last quarter. Beaumont Financial Advisors LLC boosted its position in VanEck CLO ETF by 2.9% during the third quarter. Beaumont Financial Advisors LLC now owns 261,852 shares of the company’s stock valued at $13,870,000 after purchasing an additional 7,360 shares during the last quarter. Finally, Integras Partners LLC boosted its position in VanEck CLO ETF by 4.6% during the third quarter. Integras Partners LLC now owns 205,508 shares of the company’s stock valued at $10,886,000 after purchasing an additional 9,041 shares during the last quarter.

VanEck CLO ETF Stock Performance

Shares of NYSEARCA CLOI opened at $52.85 on Wednesday. The business’s 50-day moving average price is $52.87 and its two-hundred day moving average price is $52.82. VanEck CLO ETF has a one year low of $52.36 and a one year high of $53.07.

About VanEck CLO ETF

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.