iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – Here’s Why

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw an uptick in trading volume on Wednesday . 141,053 shares changed hands during mid-day trading, an increase of 61% from the previous session’s volume of 87,353 shares.The stock last traded at $51.91 and had previously closed at $51.89.

iShares AAA CLO Active ETF Stock Performance

The stock has a 50-day moving average of $51.84 and a 200-day moving average of $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.2682 dividend. The ex-dividend date was Friday, November 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in shares of iShares AAA CLO Active ETF by 45.7% during the third quarter. First Horizon Advisors Inc. now owns 1,690 shares of the company’s stock worth $88,000 after acquiring an additional 530 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in iShares AAA CLO Active ETF by 10.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,955 shares of the company’s stock worth $413,000 after acquiring an additional 775 shares in the last quarter. LGT Financial Advisors LLC bought a new stake in iShares AAA CLO Active ETF during the 2nd quarter worth $114,000. Chris Bulman Inc bought a new position in shares of iShares AAA CLO Active ETF during the second quarter valued at $147,000. Finally, Concourse Financial Group Securities Inc. lifted its position in shares of iShares AAA CLO Active ETF by 4.7% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 74,123 shares of the company’s stock worth $3,852,000 after purchasing an additional 3,308 shares during the period.

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.