iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Should You Buy?

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw unusually-strong trading volume on Wednesday . Approximately 215,186 shares traded hands during trading, an increase of 168% from the previous session’s volume of 80,172 shares.The stock last traded at $51.90 and had previously closed at $51.93.

iShares AAA CLO Active ETF Price Performance

The company has a 50-day moving average of $51.85 and a 200-day moving average of $51.83.

iShares AAA CLO Active ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.2832 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Concourse Financial Group Securities Inc. boosted its position in shares of iShares AAA CLO Active ETF by 4.7% during the third quarter. Concourse Financial Group Securities Inc. now owns 74,123 shares of the company’s stock worth $3,852,000 after buying an additional 3,308 shares during the period. Freestate Advisors LLC bought a new position in shares of iShares AAA CLO Active ETF during the 3rd quarter worth approximately $258,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of iShares AAA CLO Active ETF by 71.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 19,172 shares of the company’s stock worth $996,000 after acquiring an additional 8,012 shares in the last quarter. Brookstone Capital Management lifted its position in shares of iShares AAA CLO Active ETF by 3.5% in the third quarter. Brookstone Capital Management now owns 143,924 shares of the company’s stock worth $7,480,000 after purchasing an additional 4,908 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in iShares AAA CLO Active ETF by 43.5% during the third quarter. Park Avenue Securities LLC now owns 54,521 shares of the company’s stock worth $2,833,000 after purchasing an additional 16,524 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.