iShares AAA CLO Active ETF (NASDAQ:CLOA) Sets New 52-Week Low – What’s Next?

iShares AAA CLO Active ETF (NASDAQ:CLOA) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $51.42 and last traded at $51.50, with a volume of 73895 shares. The stock had previously closed at $51.59.

iShares AAA CLO Active ETF Trading Down 0.8 %

The business has a 50-day moving average price of $51.79 and a 200-day moving average price of $51.82.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.2462 per share. This represents a $2.95 annualized dividend and a yield of 5.78%. The ex-dividend date was Tuesday, April 1st.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $7,162,000 after acquiring an additional 83,204 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in iShares AAA CLO Active ETF during the 4th quarter valued at approximately $1,631,000. Concourse Financial Group Securities Inc. raised its holdings in shares of iShares AAA CLO Active ETF by 13.0% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 83,782 shares of the company’s stock worth $4,349,000 after buying an additional 9,659 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares AAA CLO Active ETF during the fourth quarter worth $26,000. Finally, PSI Advisors LLC grew its holdings in shares of iShares AAA CLO Active ETF by 76.2% during the fourth quarter. PSI Advisors LLC now owns 916 shares of the company’s stock valued at $47,000 after buying an additional 396 shares during the last quarter.

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.