Brookstone Capital Management Makes New Investment in VanEck CLO ETF (NYSEARCA:CLOI)

Brookstone Capital Management bought a new position in VanEck CLO ETF (NYSEARCA:CLOI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 228,374 shares of the company’s stock, valued at approximately $12,051,000. Brookstone Capital Management owned approximately 3.74% of VanEck CLO ETF at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Lowe Wealth Advisors LLC grew its holdings in shares of VanEck CLO ETF by 3,588.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 4,832 shares of the company’s stock worth $255,000 after acquiring an additional 4,701 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in VanEck CLO ETF during the third quarter valued at $205,000. Synovus Financial Corp purchased a new position in VanEck CLO ETF during the third quarter valued at $210,000. Sanctuary Advisors LLC purchased a new position in VanEck CLO ETF during the third quarter valued at $1,981,000. Finally, Fulcrum Equity Management lifted its position in VanEck CLO ETF by 8.2% during the third quarter. Fulcrum Equity Management now owns 12,078 shares of the company’s stock valued at $641,000 after purchasing an additional 915 shares in the last quarter.

VanEck CLO ETF Stock Performance

Shares of VanEck CLO ETF stock opened at $52.90 on Tuesday. The stock’s 50-day simple moving average is $52.97 and its 200-day simple moving average is $52.91. VanEck CLO ETF has a 52 week low of $52.28 and a 52 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.