iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Unusually-High Trading Volume – What’s Next?

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw unusually-strong trading volume on Wednesday . Approximately 121,267 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 88,070 shares.The stock last traded at $51.76 and had previously closed at $51.78.

iShares AAA CLO Active ETF Stock Down 0.1 %

The company’s 50 day moving average is $51.85 and its 200 day moving average is $51.85.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2605 per share. The ex-dividend date is Monday, December 2nd.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CLOA. First Horizon Advisors Inc. purchased a new stake in shares of iShares AAA CLO Active ETF during the second quarter worth about $60,000. LGT Financial Advisors LLC purchased a new stake in iShares AAA CLO Active ETF in the second quarter valued at approximately $114,000. Chris Bulman Inc purchased a new stake in iShares AAA CLO Active ETF in the second quarter valued at approximately $147,000. SigFig Wealth Management LLC purchased a new stake in iShares AAA CLO Active ETF in the second quarter valued at approximately $237,000. Finally, Freestate Advisors LLC purchased a new stake in iShares AAA CLO Active ETF in the third quarter valued at approximately $258,000.

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.