Park Avenue Securities LLC Takes $1.97 Million Position in BlackRock AAA CLO ETF (NASDAQ:CLOA)

Park Avenue Securities LLC bought a new stake in BlackRock AAA CLO ETF (NASDAQ:CLOA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,997 shares of the company’s stock, valued at approximately $1,974,000. Park Avenue Securities LLC owned approximately 0.62% of BlackRock AAA CLO ETF as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Private Wealth Partners LLC purchased a new position in BlackRock AAA CLO ETF in the fourth quarter valued at approximately $564,000. Adams Wealth Management lifted its stake in BlackRock AAA CLO ETF by 6.5% in the fourth quarter. Adams Wealth Management now owns 159,993 shares of the company’s stock valued at $8,201,000 after purchasing an additional 9,737 shares during the last quarter. Toews Corp ADV purchased a new stake in shares of BlackRock AAA CLO ETF during the first quarter worth $2,162,000. Comerica Bank purchased a new stake in shares of BlackRock AAA CLO ETF during the first quarter worth $467,000. Finally, Transcend Capital Advisors LLC lifted its position in shares of BlackRock AAA CLO ETF by 45.8% during the second quarter. Transcend Capital Advisors LLC now owns 27,042 shares of the company’s stock worth $1,405,000 after acquiring an additional 8,500 shares in the last quarter.

BlackRock AAA CLO ETF Trading Up 0.1 %

Shares of NASDAQ:CLOA traded up $0.05 during trading on Wednesday, hitting $51.77. 52,094 shares of the company were exchanged, compared to its average volume of 71,444. The stock has a 50 day moving average of $51.84 and a 200 day moving average of $51.73. BlackRock AAA CLO ETF has a 52-week low of $50.93 and a 52-week high of $52.02.

BlackRock AAA CLO ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were given a dividend of $0.2544 per share. The ex-dividend date was Thursday, August 1st. This represents a $3.05 annualized dividend and a dividend yield of 5.90%.

BlackRock AAA CLO ETF Profile

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.