Adams Wealth Dumps Nearly 65,000 Shares of CLOA — Here's What That Means for This High-Yield ETF

On Thursday, Adams Wealth Management disclosed that it reduced its position in the iShares AAA CLO Active ETF by nearly 65,000 shares—cutting about 20% of its holdings in the fund.Utah-based Adams Wealth Management reduced its position in the iShares AAA CLO Active ETF(NASDAQ:CLOA) by 64,583 shares during the second quarter, according to a U.S. Securities and Exchange Commission (SEC) filing on Thursday. The firm held 258,224 shares after the transaction, valued at $13.41 million at the end of the quarter.CLOA now represents nearly 2.6% of the firm's reportable assets under management, which totaled $525 million, as of June 30.Continue reading