VanEck BDC Income ETF (NYSEARCA:BIZD) Hits New 52-Week Low – Time to Sell?

Shares of VanEck BDC Income ETF (NYSEARCA:BIZD) reached a new 52-week low on Tuesday . The company traded as low as $13.41 and last traded at $13.4250, with a volume of 2456103 shares. The stock had previously closed at $13.76.

VanEck BDC Income ETF Trading Down 2.9%

The firm has a fifty day simple moving average of $14.39 and a 200 day simple moving average of $14.87. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 11.32 and a beta of 0.82.

Institutional Investors Weigh In On VanEck BDC Income ETF

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of VanEck BDC Income ETF by 19.1% during the 1st quarter. Royal Bank of Canada now owns 466,339 shares of the company’s stock worth $7,816,000 after acquiring an additional 74,858 shares during the period. Goldman Sachs Group Inc. boosted its holdings in VanEck BDC Income ETF by 297.3% during the first quarter. Goldman Sachs Group Inc. now owns 51,427 shares of the company’s stock valued at $862,000 after purchasing an additional 38,483 shares in the last quarter. Truist Financial Corp boosted its holdings in VanEck BDC Income ETF by 10.2% during the second quarter. Truist Financial Corp now owns 26,316 shares of the company’s stock valued at $428,000 after purchasing an additional 2,446 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of VanEck BDC Income ETF by 167.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 55,559 shares of the company’s stock valued at $904,000 after purchasing an additional 34,797 shares during the period. Finally, Sax Wealth Advisors LLC raised its holdings in shares of VanEck BDC Income ETF by 43.9% in the 2nd quarter. Sax Wealth Advisors LLC now owns 112,475 shares of the company’s stock worth $1,831,000 after buying an additional 34,296 shares in the last quarter.

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.