Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $25.60 and traded as high as $25.62. Invesco AAA CLO Floating Rate Note ETF shares last traded at $25.62, with a volume of 104,332 shares trading hands.

Invesco AAA CLO Floating Rate Note ETF Price Performance

The company has a 50-day moving average price of $25.60 and a 200-day moving average price of $25.58.

Hedge Funds Weigh In On Invesco AAA CLO Floating Rate Note ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC increased its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 39.4% in the 2nd quarter. CoreCap Advisors LLC now owns 2,723 shares of the company’s stock valued at $70,000 after acquiring an additional 769 shares during the last quarter. Ashton Thomas Securities LLC raised its position in shares of Invesco AAA CLO Floating Rate Note ETF by 1.9% in the 1st quarter. Ashton Thomas Securities LLC now owns 175,978 shares of the company’s stock valued at $4,489,000 after acquiring an additional 3,242 shares during the period. Western Wealth Management LLC boosted its stake in Invesco AAA CLO Floating Rate Note ETF by 9.9% during the 1st quarter. Western Wealth Management LLC now owns 38,280 shares of the company’s stock worth $977,000 after acquiring an additional 3,433 shares during the last quarter. Quest 10 Wealth Builders Inc. bought a new position in Invesco AAA CLO Floating Rate Note ETF during the 3rd quarter worth approximately $100,000. Finally, Compass Financial Management LLC bought a new position in Invesco AAA CLO Floating Rate Note ETF during the 3rd quarter worth approximately $105,000.

About Invesco AAA CLO Floating Rate Note ETF

The Invesco Aaa Clo Floating Rate Note ETF (ICLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in USD-denominated floating rate CLOs that are rated AAA or equivalent. ICLO was launched on Dec 9, 2022 and is managed by Invesco.