Shares of VanEck BDC Income ETF (NYSEARCA:BIZD – Get Free Report) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $12.65 and traded as high as $12.81. VanEck BDC Income ETF shares last traded at $12.66, with a volume of 2,435,403 shares changing hands.
VanEck BDC Income ETF Stock Performance
The company has a market cap of $1.51 billion, a P/E ratio of 11.32 and a beta of 0.67. The firm has a 50 day moving average price of $12.65 and a 200-day moving average price of $12.84.
Hedge Funds Weigh In On VanEck BDC Income ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in VanEck BDC Income ETF by 30.8% during the 1st quarter. Bank of America Corp DE now owns 7,624,033 shares of the company’s stock worth $97,588,000 after acquiring an additional 1,794,136 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in VanEck BDC Income ETF during the 3rd quarter valued at $53,185,000. Quantum Portfolio Management LLC bought a new position in VanEck BDC Income ETF in the 1st quarter valued at $42,000. Cambridge Associates LLC MA ADV raised its position in VanEck BDC Income ETF by 38.7% in the 1st quarter. Cambridge Associates LLC MA ADV now owns 2,424,628 shares of the company’s stock valued at $31,035,000 after purchasing an additional 676,672 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in VanEck BDC Income ETF by 12.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,599,804 shares of the company’s stock valued at $20,621,000 after purchasing an additional 174,060 shares during the last quarter.
VanEck BDC Income ETF Company 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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