Invesco AAA CLO Floating Rate Note ETF (ICLO)
Invesco AAA CLO Floating Rate Note ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $25.63, up 0.02% on the session, giving a market capitalisation of $504.7M. Its beta of 0.02 implies it has historically moved less than the broad market.
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.
Invesco AAA CLO Floating Rate Note ETF is most often compared with the following Financial Services names: