iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – Time to Buy?

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw strong trading volume on Wednesday . 205,431 shares traded hands during trading, an increase of 16% from the previous session’s volume of 177,643 shares.The stock last traded at $51.89 and had previously closed at $51.86.

iShares AAA CLO Active ETF Trading Up 0.1 %

The firm has a fifty day moving average price of $51.81 and a two-hundred day moving average price of $51.83.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.2447 per share. The ex-dividend date of this dividend was Wednesday, December 18th.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new stake in iShares AAA CLO Active ETF during the 2nd quarter valued at $42,734,000. Brookstone Capital Management lifted its holdings in shares of iShares AAA CLO Active ETF by 3.5% during the third quarter. Brookstone Capital Management now owns 143,924 shares of the company’s stock valued at $7,480,000 after purchasing an additional 4,908 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares AAA CLO Active ETF by 152.3% during the third quarter. JPMorgan Chase & Co. now owns 137,819 shares of the company’s stock valued at $7,162,000 after buying an additional 83,204 shares during the last quarter. Concourse Financial Group Securities Inc. increased its holdings in iShares AAA CLO Active ETF by 4.7% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 74,123 shares of the company’s stock worth $3,852,000 after buying an additional 3,308 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in iShares AAA CLO Active ETF by 43.5% in the 3rd quarter. Park Avenue Securities LLC now owns 54,521 shares of the company’s stock worth $2,833,000 after buying an additional 16,524 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.