Sterling Investment Advisors Ltd. increased its holdings in VanEck BDC Income ETF (NYSEARCA:BIZD – Free Report) by 45.7% in the 1st quarter, HoldingsChannel reports. The fund owned 491,575 shares of the company’s stock after purchasing an additional 154,150 shares during the quarter. VanEck BDC Income ETF makes up approximately 1.0% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 25th biggest holding. Sterling Investment Advisors Ltd.’s holdings in VanEck BDC Income ETF were worth $6,292,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of VanEck BDC Income ETF by 173.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,781 shares of the company’s stock worth $972,000 after purchasing an additional 42,970 shares during the period. Mission Hills Financial Advisory LLC lifted its position in VanEck BDC Income ETF by 8.0% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 1,212,252 shares of the company’s stock valued at $17,190,000 after buying an additional 90,088 shares during the last quarter. CWM LLC lifted its position in VanEck BDC Income ETF by 1,242.7% in the fourth quarter. CWM LLC now owns 367,950 shares of the company’s stock valued at $5,218,000 after buying an additional 340,546 shares during the last quarter. Garner Asset Management Corp purchased a new position in VanEck BDC Income ETF during the fourth quarter worth about $688,000. Finally, Baker Avenue Asset Management LP increased its position in shares of VanEck BDC Income ETF by 558.5% during the fourth quarter. Baker Avenue Asset Management LP now owns 115,140 shares of the company’s stock valued at $1,633,000 after acquiring an additional 97,654 shares during the last quarter.
VanEck BDC Income ETF Stock Performance
VanEck BDC Income ETF stock opened at $12.56 on Wednesday. The company’s 50 day simple moving average is $12.54 and its 200-day simple moving average is $13.06. VanEck BDC Income ETF has a 1 year low of $11.97 and a 1 year high of $16.95. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64.
VanEck BDC Income ETF Profile
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.
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