Corient Private Wealth LLC has significantly reduced its investment in the Janus Henderson AAA CLO ETF (NYSEARCA:JAAA), selling 327,487 shares, which represents a decrease of 98.1% in the second quarter of 2023. After this sale, the firm holds just 6,479 shares valued at approximately $329,000, as indicated in its most recent filing with the Securities and Exchange Commission.
The decision to divest such a large portion of its stake comes as several other institutional investors have also adjusted their holdings in the Janus Henderson AAA CLO ETF. For instance, Bison Wealth LLC increased its position by 14.5% in the fourth quarter, owning now 49,316 shares worth about $2,501,000 after acquiring an additional 6,241 shares.
Ieq Capital LLC made a notable entry into the ETF market by acquiring a new stake in the Janus Henderson AAA CLO ETF during the first quarter, valued at around $591,000. Similarly, Calton & Associates Inc. purchased a new stake for approximately $267,000. In a more aggressive move, MAI Capital Management increased its stake by an impressive 281.0% in the first quarter, now holding 97,644 shares worth $4,952,000 after buying an additional 72,015 shares.
Additionally, Royal Bank of Canada expanded its holdings by 31.8% during the first quarter, now owning 5,675,445 shares valued at around $287,802,000 following an acquisition of 1,370,784 shares.
Current Trading Status and Fund Overview
As of the latest trading session, shares of the Janus Henderson AAA CLO ETF opened at $50.57. Over the past year, the ETF has fluctuated between a low of $49.65 and a high of $51.05. The fund’s 50-day moving average stands at $50.61, while its 200-day moving average is at $50.65.
The Janus Henderson AAA CLO ETF, launched on October 16, 2020, primarily invests in investment-grade fixed income securities. Its objective is to generate current income through an active selection of investment-grade floating rate collateralized loan obligations (CLO) from issuers around the world. This strategy aims to provide investors with exposure to a diversified portfolio of high-quality loans.
For those interested in tracking the activities of hedge funds in this sector, HoldingsChannel.com offers the latest 13F filings and insider trades related to the Janus Henderson AAA CLO ETF (NYSEARCA:JAAA).
This significant shift in holdings reflects broader trends in investment strategies among institutional investors, highlighting the dynamic nature of the financial markets.
