Adams Asset Advisors LLC purchased a new stake in VanEck BDC Income ETF (NYSEARCA:BIZD – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 70,831 shares of the company’s stock, valued at approximately $913,000. Adams Asset Advisors LLC owned approximately 0.06% of VanEck BDC Income ETF as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in VanEck BDC Income ETF by 25.4% in the second quarter. Envestnet Asset Management Inc. now owns 426,511 shares of the company’s stock worth $5,400,000 after acquiring an additional 86,376 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of VanEck BDC Income ETF by 35.5% during the 2nd quarter. NewEdge Advisors LLC now owns 319,095 shares of the company’s stock worth $4,040,000 after purchasing an additional 83,527 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of VanEck BDC Income ETF by 4.7% during the 2nd quarter. Waverly Advisors LLC now owns 111,632 shares of the company’s stock valued at $1,413,000 after purchasing an additional 5,012 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of VanEck BDC Income ETF by 12.6% during the 2nd quarter. HB Wealth Management LLC now owns 20,646 shares of the company’s stock valued at $261,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of VanEck BDC Income ETF by 46.2% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 15,812 shares of the company’s stock valued at $200,000 after purchasing an additional 4,998 shares during the last quarter.
VanEck BDC Income ETF Price Performance
NYSEARCA:BIZD traded up $0.14 during trading hours on Thursday, reaching $12.17. The company’s stock had a trading volume of 2,550,732 shares, compared to its average volume of 3,348,819. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 11.32 and a beta of 0.67. VanEck BDC Income ETF has a one year low of $11.90 and a one year high of $15.12. The business’s 50-day moving average is $13.06 and its 200-day moving average is $12.76.
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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