VanEck BDC Income ETF (NYSEARCA:BIZD) Reaches New 1-Year Low – Should You Sell?

VanEck BDC Income ETF (NYSEARCA:BIZD – Get Free Report) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $11.89 and last traded at $11.8440, with a volume of 156,522 shares traded. The stock had previously closed at $12.01.

VanEck BDC Income ETF Stock Down 1.9%

The firm’s 50-day moving average is $12.95 and its 200-day moving average is $12.73. The company has a market capitalization of $1.40 billion, a PE ratio of 11.32 and a beta of 0.67.

Hedge Funds Weigh In On VanEck BDC Income ETF

Several institutional investors have recently modified their holdings of BIZD. Western Wealth Management LLC bought a new position in shares of VanEck BDC Income ETF during the 1st quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its stake in VanEck BDC Income ETF by 53.8% in the first quarter. EverSource Wealth Advisors LLC now owns 5,000 shares of the company’s stock worth $64,000 after buying an additional 1,750 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in VanEck BDC Income ETF in the first quarter worth approximately $138,000. Mather Group LLC. bought a new position in VanEck BDC Income ETF during the third quarter valued at approximately $174,000. Finally, WNY Asset Management LLC bought a new position in VanEck BDC Income ETF during the first quarter valued at approximately $196,000.

About VanEck BDC Income ETF

(Get Free Report)

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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