Pasadena Private Wealth Cuts Stake in Janus Henderson ETF by 18.3%

Pasadena Private Wealth LLC has reduced its investment in the Janus Henderson AAA CLO ETF (NYSEARCA: JAAA) by 18.3% during the second quarter of 2023. According to its latest Form 13F filed with the Securities and Exchange Commission, the firm now holds 24,771 shares after selling 5,549 shares during the period. The value of Pasadena’s stake in the ETF is approximately $1.26 million as of this filing.

This adjustment follows a trend among institutional investors, with several firms recently modifying their positions in the Janus Henderson ETF. For instance, Logan Capital Management Inc. acquired a new position worth $25,000 in the first quarter of 2023, while Olde Wealth Management LLC invested $26,000 in the same time frame. HFM Investment Advisors LLC also entered the market with a new position valued at $50,000.

Rosenberg Matthew Hamilton increased its stake in the Janus Henderson AAA CLO ETF by 52.4% during the first quarter, now owning 1,062 shares valued at $54,000 after purchasing an additional 365 shares. Similarly, Mather Group LLC expanded its holdings by 22.4%, bringing its total to 1,093 shares worth $55,000 after acquiring 200 shares.

Current Market Performance

As of Monday, the Janus Henderson AAA CLO ETF opened at $50.65. The fund has experienced fluctuations over the past year, with a low of $49.65 and a high of $51.05. Its 50-day moving average stands at $50.68, while the 200-day moving average is at $50.61.

The Janus Henderson AAA CLO ETF primarily invests in investment-grade fixed income, focusing on floating rate collateralized loan obligations (CLO) from global issuers. The fund aims to provide current income through its active investment strategy.

For those interested in tracking institutional holdings and investment strategies related to the Janus Henderson AAA CLO ETF, resources such as HoldingsChannel.com offer the latest 13F filings and insider trading information.

Investors continue to monitor developments in this sector as changes in institutional holdings can impact market dynamics and future performance.