ICLO 25.74 Invesco Aaa Clo Floating Rate Note ETF
| Range: | 25.44-25.84 | Vol Avg: | 109929 | Last Div: | 1.87 | Changes: | 0.01 |
| Beta: | 0.03 | Cap: | 0.16B | Currency: | USD | Exchange: | AMEX |
| Sector: | Financial Services | IPO: | Fri Dec 09 2022 | Empoloyees: | |||
| CUSIP: | CIK: | ISIN: | US46090A7211 | Country: | US | ||
| CEO: | Website: | https:// | |||||
The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in floating rate note securities issued by collateralized loan obligations (CLOs) that are rated AAA (or equivalent by a nationally recognized statistical rating organization ("NRSRO")) at the time of purchase. The fund may invest in CLO securities of any maturity. It is non-diversified.
Stock Details
Neutral 0.10
ICLO: Not A Fund I'd Consider With Rates Dropping
Floating rate notes excelled during the Fed's rate hike cycle, but their appeal may wane a...
seekingalpha.com·Tue Sep 24 2024
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