US Bancorp DE Invests $1.02 Million in VanEck CLO ETF (NYSEARCA:CLOI)

US Bancorp DE acquired a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,271 shares of the company’s stock, valued at approximately $1,022,000. US Bancorp DE owned approximately 0.32% of VanEck CLO ETF at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital Investment Advisors LLC purchased a new stake in VanEck CLO ETF in the 3rd quarter worth approximately $32,074,000. Darwin Wealth Management LLC purchased a new stake in VanEck CLO ETF in the 2nd quarter worth approximately $10,260,000. Gradient Investments LLC grew its stake in VanEck CLO ETF by 139.0% in the 2nd quarter. Gradient Investments LLC now owns 223,416 shares of the company’s stock worth $11,828,000 after acquiring an additional 129,925 shares during the period. CoreCap Advisors LLC acquired a new position in shares of VanEck CLO ETF in the 2nd quarter valued at $3,842,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of VanEck CLO ETF by 156.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 69,298 shares of the company’s stock valued at $3,669,000 after purchasing an additional 42,296 shares during the last quarter.

VanEck CLO ETF Trading Up 0.1 %

Shares of CLOI opened at $52.94 on Friday. The company’s fifty day moving average is $52.91 and its two-hundred day moving average is $52.86. VanEck CLO ETF has a fifty-two week low of $51.88 and a fifty-two week high of $53.21.

VanEck CLO ETF 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.