iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Unusually-High Trading Volume – Here’s Why

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw strong trading volume on Monday . 173,046 shares traded hands during mid-day trading, an increase of 48% from the previous session’s volume of 116,604 shares.The stock last traded at $51.80 and had previously closed at $51.81.

iShares AAA CLO Active ETF Stock Up 0.0 %

The company 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 firm also recently declared a dividend, which was paid on Monday, December 23rd. Investors 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new position in iShares AAA CLO Active ETF in the 2nd quarter valued at $42,734,000. JPMorgan Chase & Co. raised its holdings in 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 worth $7,162,000 after purchasing an additional 83,204 shares in the last quarter. Aureus Asset Management LLC lifted its position in iShares AAA CLO Active ETF by 482.9% in the third quarter. Aureus Asset Management LLC now owns 48,502 shares of the company’s stock valued at $2,521,000 after purchasing an additional 40,181 shares during the period. Cetera Investment Advisers acquired a new stake in iShares AAA CLO Active ETF in the second quarter valued at about $1,937,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in iShares AAA CLO Active ETF in the 2nd quarter valued at approximately $1,885,000.

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.