Naviter Wealth LLC Boosts Stake in VanEck BDC Income ETF $BIZD

Naviter Wealth LLC lifted its holdings in VanEck BDC Income ETF (NYSEARCA:BIZD) by 464.8% in the 2nd quarter, Holdings Channel reports. The firm owned 337,401 shares of the company’s stock after acquiring an additional 277,663 shares during the period. VanEck BDC Income ETF accounts for 0.7% of Naviter Wealth LLC’s portfolio, making the stock its 28th biggest holding. Naviter Wealth LLC’s holdings in VanEck BDC Income ETF were worth $5,493,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BIZD. CBIZ Investment Advisory Services LLC purchased a new stake in VanEck BDC Income ETF during the first quarter valued at $41,000. AlphaCore Capital LLC purchased a new stake in VanEck BDC Income ETF during the first quarter valued at $53,000. AE Wealth Management LLC increased its position in VanEck BDC Income ETF by 81.9% during the first quarter. AE Wealth Management LLC now owns 3,557 shares of the company’s stock valued at $60,000 after acquiring an additional 1,602 shares during the last quarter. Financial Network Wealth Advisors LLC increased its position in VanEck BDC Income ETF by 343.2% during the first quarter. Financial Network Wealth Advisors LLC now owns 4,210 shares of the company’s stock valued at $71,000 after acquiring an additional 3,260 shares during the last quarter. Finally, Hollencrest Capital Management increased its position in VanEck BDC Income ETF by 94.2% during the first quarter. Hollencrest Capital Management now owns 5,885 shares of the company’s stock valued at $99,000 after acquiring an additional 2,855 shares during the last quarter.

VanEck BDC Income ETF Stock Performance

VanEck BDC Income ETF stock opened at $13.91 on Tuesday. The stock has a market cap of $1.49 billion, a PE ratio of 11.32 and a beta of 1.21. VanEck BDC Income ETF has a one year low of $13.44 and a one year high of $17.86. The stock has a fifty day moving average of $15.46 and a 200 day moving average of $15.70.

About VanEck BDC Income ETF

The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.