WealthPLAN Partners LLC Grows Position in VanEck CLO ETF (NYSEARCA:CLOI)

WealthPLAN Partners LLC grew its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 165,502 shares of the company’s stock after acquiring an additional 13,951 shares during the quarter. VanEck CLO ETF accounts for 1.2% of WealthPLAN Partners LLC’s portfolio, making the stock its 17th largest position. WealthPLAN Partners LLC’s holdings in VanEck CLO ETF were worth $8,734,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. acquired a new stake in shares of VanEck CLO ETF during the fourth quarter worth $49,816,000. Capital Investment Advisors LLC acquired a new stake in shares of VanEck CLO ETF during the third quarter worth $32,074,000. Brookstone Capital Management acquired a new stake in shares of VanEck CLO ETF during the fourth quarter worth $12,051,000. TRUE Private Wealth Advisors boosted its holdings in shares of VanEck CLO ETF by 229.4% during the third quarter. TRUE Private Wealth Advisors now owns 157,868 shares of the company’s stock worth $8,373,000 after purchasing an additional 109,947 shares during the last quarter. Finally, Beaumont Financial Advisors LLC boosted its holdings in shares of VanEck CLO ETF by 50.9% during the fourth quarter. Beaumont Financial Advisors LLC now owns 214,635 shares of the company’s stock worth $11,326,000 after purchasing an additional 72,356 shares during the last quarter.

VanEck CLO ETF Stock Performance

CLOI stock opened at $53.04 on Friday. VanEck CLO ETF has a 52-week low of $52.33 and a 52-week high of $53.21. The stock’s fifty day simple moving average is $52.98 and its 200-day simple moving average is $52.94.

VanEck CLO ETF Company 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.