Fifth Third Bancorp Buys New Stake in BlackRock AAA CLO ETF (NASDAQ:CLOA)

Fifth Third Bancorp bought a new position in shares of BlackRock AAA CLO ETF (NASDAQ:CLOA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,472 shares of the company’s stock, valued at approximately $544,000. Fifth Third Bancorp owned about 0.16% of BlackRock AAA CLO ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Adams Wealth Management grew its holdings in BlackRock AAA CLO ETF by 19.2% in the 1st quarter. Adams Wealth Management now owns 190,638 shares of the company’s stock valued at $9,862,000 after buying an additional 30,645 shares during the last quarter. Pallas Capital Advisors LLC increased its position in BlackRock AAA CLO ETF by 16.1% during the second quarter. Pallas Capital Advisors LLC now owns 155,627 shares of the company’s stock worth $8,068,000 after acquiring an additional 21,597 shares during the period. Brookstone Capital Management acquired a new position in BlackRock AAA CLO ETF during the 2nd quarter valued at $7,205,000. Envestnet Portfolio Solutions Inc. bought a new stake in BlackRock AAA CLO ETF in the 2nd quarter valued at $3,819,000. Finally, Toews Corp ADV acquired a new stake in BlackRock AAA CLO ETF in the 1st quarter worth $2,162,000.

BlackRock AAA CLO ETF Stock Up 0.0 %

BlackRock AAA CLO ETF stock opened at $51.92 on Friday. BlackRock AAA CLO ETF has a 12 month low of $50.93 and a 12 month high of $52.02. The business has a 50 day moving average price of $51.84 and a two-hundred day moving average price of $51.75.

BlackRock AAA CLO ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.2544 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.05 dividend on an annualized basis and a yield of 5.88%.

About BlackRock AAA CLO 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.