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<h2>Key Points</h2><ul><li>Richard Bernstein Advisors acquired 6,186,664 shares; estimated trade size was $320.66 million based on quarterly average price.</li><li>The quarter-end position value increased by $320.69 million, reflecting both share purchases and price changes.</li><li>The transaction value represented 9.3% of 13F reportable assets under management (AUM).</li><li>The new position makes up 9.3% of reportable AUM, placing it within the fund's top five holdings.</li><li>10 stocks we like better than BlackRock ETF Trust II - iShares Aaa Clo Active ETF ›</li></ul><h2 id="what-happened">What happened</h2><p>According to a filing with the Securities and Exchange Commission dated April 22, 2026, Richard Bernstein Advisors LLC reported a new position in <strong>BlackRock ETF Trust II - iShares AAA CLO Active ETF</strong> <span class="ticker">(NASDAQ:CLOA)</span>. The fund acquired 6,186,664 shares during the first quarter, with an estimated transaction value of $320.66 million based on the average closing price in the quarter.</p><h2 id="what-else-to-know">What else to know</h2><ul><li>This was a new position for the fund, representing 9.3% of its 13F reportable AUM as of March 31, 2026.</li><li>Top holdings after the filing:<ul><li>NYSEMKT:IDEV: $516.31 million (15.0% of AUM)</li><li>NYSEMKT:QUAL: $354.14 million (10.3% of AUM)</li><li>NASDAQ:IEF: $350.64 million (10.2% of AUM)</li><li>NASDAQ:CLOA: $320.68 million (9.3% of AUM)</li><li>NASDAQ:EMXC: $267.46 million (7.8% of AUM)</li></ul></li><li>As of April 21, 2026, shares were priced at $51.85, down 0.36% from the 52-week high.</li><li>One-year total return was 6.2%, underperforming the S&amp;P 500 by 30.7 percentage points.</li><li>Richard Bernstein Advisors reported 227 positions and $3.45 billion in reportable AUM at quarter-end.</li></ul><h2 id="etf-overview">ETF overview</h2><section><table><tbody><tr><th>Metric</th><th>Value</th></tr><tr><td>AUM</td><td>$2.05 billion</td></tr><tr><td>Price (as of market close 2026-04-21)</td><td>$51.85</td></tr><tr><td>Dividend yield</td><td>5.10%</td></tr><tr><td>1-year total return</td><td>6.23%</td></tr></tbody></table></section><h2 id="etf-snapshot">ETF snapshot</h2><ul><li>The ETF seeks capital preservation and current income through active management of a portfolio of U.S. dollar-denominated AAA-rated collateralized loan obligations (CLOs).</li><li>Underlying holdings are principally AAA-rated CLO tranches.</li><li>Structured as an exchange-traded fund with a focus on institutional-grade fixed income; expense ratio is 0.20%.</li></ul><p>The iShares AAA CLO Active ETF (CLOA) offers investors access to a diversified pool of AAA-rated CLO securities, emphasizing high credit quality and capital preservation. The fund's active management approach enables dynamic allocation within the CLO market, seeking to optimize yield while maintaining a robust risk profile.</p><p>With a focus on senior secured loan exposure and a disciplined investment process, CLOA targets institutional and sophisticated retail investors seeking stable income and low credit risk within the fixed income universe.</p><h2 id="what-this-transaction-means-for-investors">What this transaction means for investors</h2><p>New York-based investment firm Richard Bernstein Advisors’ purchase of the iShares AAA CLO Active ETF (CLOA) is a noteworthy event because the company initiated a new position in the ETF and it was a substantial enough buy to catapult CLOA to one of the top five holdings.</p><p>The transaction demonstrates Richard Bernstein Advisors is bullish on CLOA. The ETF is designed for investors who want an actively-managed fund delivering higher yields than traditional investment-grade bonds while keeping volatility low.</p><p>Here, CLOA delivers with a robust dividend yield exceeding 5%. The ETF also makes payouts monthly. Its very low three-year beta of 0.03 indicates it is less volatile than the overall stock market. Although CLOA’s expense ratio of 0.20% is not cheap, it’s to be expected given the fund is actively managed.</p><p>CLOA is for income-focused investors who want low risk. It offers limited capital appreciation compared to stocks, so the main draws are its dividend and safety.</p><h2>Should you buy stock in BlackRock ETF Trust II - iShares Aaa Clo Active ETF right now?</h2>
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CLOA

<p>Richard Bernstein Advisors acquired 6,186,664 shares of the iShares AAA CLO Active ETF (CLOA), valued at approximately $320.66 million, making it one of their top five holdings. The ETF focuses on capital preservation and income through AAA-rated CLOs, offering a dividend yield of 5.10%. Despite a one-year total return of 6.2%, it underperformed the S&P 500. Investors should consider the ETF for stable income and low risk, although it may not be the best option compared to other stocks identified by analysts.</p>

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Is the iShares CLOA ETF a Buy After Richard Bernstein Advisors Loaded Up on 6.2 Million Shares?