iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – What’s Next?

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw strong trading volume on Monday . 538,718 shares were traded during trading, an increase of 6% from the previous session’s volume of 507,403 shares.The stock last traded at $51.92 and had previously closed at $51.92.

iShares AAA CLO Active ETF Price Performance

The business has a 50 day moving average price of $51.86 and a two-hundred day moving average price of $51.84.

iShares AAA CLO Active ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.2061 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.8%. This is a boost from iShares AAA CLO Active ETF’s previous monthly dividend of $0.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CLOA. JPMorgan Chase & Co. grew its stake in shares of iShares AAA CLO Active ETF by 708.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,717 shares of the company’s stock worth $59,285,000 after buying an additional 1,003,933 shares in the last quarter. Landing Point Financial Group LLC lifted its position in iShares AAA CLO Active ETF by 6.0% in the fourth quarter. Landing Point Financial Group LLC now owns 270,956 shares of the company’s stock worth $14,021,000 after buying an additional 15,235 shares during the last quarter. Kickstand Ventures LLC. boosted its stake in iShares AAA CLO Active ETF by 2.9% during the second quarter. Kickstand Ventures LLC. now owns 128,098 shares of the company’s stock worth $6,650,000 after buying an additional 3,559 shares during the period. Captrust Financial Advisors boosted its stake in iShares AAA CLO Active ETF by 396.6% during the fourth quarter. Captrust Financial Advisors now owns 105,230 shares of the company’s stock worth $5,445,000 after buying an additional 84,040 shares during the period. Finally, Bulwark Capital Corp increased its position in iShares AAA CLO Active ETF by 39.4% during the second quarter. Bulwark Capital Corp now owns 98,567 shares of the company’s stock valued at $5,117,000 after acquiring an additional 27,872 shares during the last quarter.

About iShares AAA CLO Active ETF

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.