Avid Wealth Partners Increases Stake in Janus Henderson AAA CLO ETF

Avid Wealth Partners LLC has significantly increased its investment in the Janus Henderson AAA CLO ETF (NYSEARCA:JAAA), raising its stake by an impressive 175.8% during the third quarter of 2023. According to data from Holdings Channel, the institutional investor acquired an additional 22,622 shares, bringing its total ownership to 35,491 shares. This move has positioned the Janus Henderson AAA CLO ETF as the 21st largest holding in Avid Wealth Partners’ portfolio, valued at approximately $1,802,000 at the end of the quarter.

As the investment landscape evolves, several other institutional investors have also adjusted their stakes in the Janus Henderson AAA CLO ETF. For instance, Bessemer Group Inc. initiated a new position valued at $30,000 during the second quarter. Meanwhile, Richardson Capital Management LLC acquired shares worth about $33,000 in the third quarter. Additionally, Abich Financial Wealth Management LLC and Mather Group LLC purchased new stakes valued at approximately $36,000 and $45,000, respectively.

First Horizon Advisors Inc. also made headlines by increasing its position in the ETF by 63.8% during the second quarter. After buying an additional 382 shares, the firm now holds 981 shares, valued at around $50,000.

Performance Metrics and Dividend Changes

The Janus Henderson AAA CLO ETF opened at $50.71 on the most recent trading day. Its 50-day moving average stands at $50.64, with a 200-day moving average of $50.66. Over the past year, the ETF has experienced fluctuations, recording a 12-month low of $49.65 and a 12-month high of $50.95. Notably, the fund has recently cut its dividend, although details regarding the extent of this reduction have not been disclosed.

The Janus Henderson AAA CLO ETF primarily invests in investment-grade fixed income securities. Launched on October 16, 2020, the fund aims to generate current income through active selection of floating rate collateralized loan obligations (CLO) from global issuers. Managed by Janus Henderson, the ETF’s strategy involves targeting a range of maturities to optimize returns.

Investors seeking further insights into the ETF’s performance and other institutional holdings can access detailed information through HoldingsChannel.com, which provides updates on 13F filings and insider trades related to the Janus Henderson AAA CLO ETF.

In a market characterized by volatility, Avid Wealth Partners LLC’s increased investment underscores a growing confidence in the potential of collateralized loan obligations as a viable investment strategy.