VanEck CLO ETF $CLOI Shares Bought by Financial Management Network Inc.

Financial Management Network Inc. increased its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 23.2% in the 1st quarter, Holdings Channel reports. The firm owned 129,560 shares of the company’s stock after purchasing an additional 24,372 shares during the period. VanEck CLO ETF accounts for approximately 1.0% of Financial Management Network Inc.’s portfolio, making the stock its 25th largest position. Financial Management Network Inc.’s holdings in VanEck CLO ETF were worth $6,807,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in VanEck CLO ETF by 264.4% during the first quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock worth $1,040,000 after acquiring an additional 14,275 shares during the last quarter. Cresset Asset Management LLC purchased a new position in VanEck CLO ETF in the 2nd quarter worth approximately $619,000. Quantinno Capital Management LP purchased a new position in VanEck CLO ETF in the 2nd quarter worth approximately $400,000. Darwin Wealth Management LLC acquired a new position in shares of VanEck CLO ETF during the 2nd quarter worth approximately $13,048,000. Finally, Curi Capital LLC boosted its holdings in shares of VanEck CLO ETF by 2.0% during the 2nd quarter. Curi Capital LLC now owns 165,842 shares of the company’s stock worth $8,781,000 after purchasing an additional 3,185 shares during the last quarter.

VanEck CLO ETF Stock Performance

CLOI stock opened at $52.94 on Tuesday. The business has a 50 day simple moving average of $52.80 and a 200-day simple moving average of $52.79. VanEck CLO ETF has a 1 year low of $52.36 and a 1 year high of $53.15.

VanEck CLO ETF 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.