Deseret Mutual Benefit Administrators Invests $4.02 Million in VanEck CLO ETF (NYSEARCA:CLOI)

Deseret Mutual Benefit Administrators purchased a new stake in VanEck CLO ETF (NYSEARCA:CLOI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 76,114 shares of the company’s stock, valued at approximately $4,017,000. VanEck CLO ETF comprises 2.0% of Deseret Mutual Benefit Administrators’ investment portfolio, making the stock its 6th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Redhawk Wealth Advisors Inc. acquired a new position in VanEck CLO ETF in the fourth quarter valued at about $49,816,000. Capital Investment Advisors LLC raised its position in shares of VanEck CLO ETF by 53.2% during the fourth quarter. Capital Investment Advisors LLC now owns 926,487 shares of the company’s stock worth $48,891,000 after purchasing an additional 321,765 shares during the period. Brookstone Capital Management bought a new position in shares of VanEck CLO ETF during the 4th quarter valued at about $12,051,000. TRUE Private Wealth Advisors grew its position in shares of VanEck CLO ETF by 229.4% in the 3rd quarter. TRUE Private Wealth Advisors now owns 157,868 shares of the company’s stock valued at $8,373,000 after purchasing an additional 109,947 shares during the period. Finally, Beaumont Financial Advisors LLC increased its stake in VanEck CLO ETF by 50.9% during the 4th quarter. Beaumont Financial Advisors LLC now owns 214,635 shares of the company’s stock worth $11,326,000 after purchasing an additional 72,356 shares in the last quarter.

VanEck CLO ETF Stock Performance

Shares of CLOI stock opened at $53.05 on Friday. VanEck CLO ETF has a 52 week low of $52.33 and a 52 week high of $53.21. The company’s 50 day moving average price is $52.99 and its two-hundred day moving average price is $52.95.

About VanEck CLO ETF

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.