Ferguson Shapiro LLC Sells 48,799 Shares of VanEck CLO ETF (NYSEARCA:CLOI)

Ferguson Shapiro LLC cut its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 33.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 96,665 shares of the company’s stock after selling 48,799 shares during the period. VanEck CLO ETF comprises 1.9% of Ferguson Shapiro LLC’s portfolio, making the stock its 13th biggest holding. Ferguson Shapiro LLC’s holdings in VanEck CLO ETF were worth $5,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLOI. Envestnet Asset Management Inc. increased its position in shares of VanEck CLO ETF by 156.6% during the second quarter. Envestnet Asset Management Inc. now owns 69,298 shares of the company’s stock valued at $3,669,000 after buying an additional 42,296 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of VanEck CLO ETF during the second quarter valued at about $276,000. Truist Financial Corp increased its position in shares of VanEck CLO ETF by 2.2% during the second quarter. Truist Financial Corp now owns 26,629 shares of the company’s stock valued at $1,410,000 after buying an additional 584 shares during the period. Mattson Financial Services LLC bought a new stake in shares of VanEck CLO ETF during the second quarter valued at about $90,000. Finally, Park Avenue Securities LLC bought a new stake in shares of VanEck CLO ETF during the third quarter valued at about $1,763,000.

VanEck CLO ETF Trading Up 0.0 %

Shares of CLOI opened at $53.15 on Thursday. The business’s 50-day moving average price is $52.99 and its 200-day moving average price is $52.93. VanEck CLO ETF has a twelve month low of $52.28 and a twelve month high of $53.21.

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.