VanEck BDC Income ETF (NYSEARCA:BIZD) Sees Strong Trading Volume

VanEck BDC Income ETF (NYSEARCA:BIZD) shares saw unusually-strong trading volume on Friday . Approximately 1,088,716 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 602,747 shares.The stock last traded at $16.01 and had previously closed at $16.55.

VanEck BDC Income ETF Trading Down 3.2 %

The company has a market cap of $1.04 billion, a PE ratio of 18.42 and a beta of 0.58. The firm’s 50-day simple moving average is $16.96 and its two-hundred day simple moving average is $16.64.

Institutional Trading of VanEck BDC Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in shares of VanEck BDC Income ETF during the fourth quarter worth about $134,000. Creekmur Asset Management LLC acquired a new stake in VanEck BDC Income ETF during the 4th quarter valued at approximately $150,000. Howard Wealth Management LLC purchased a new stake in shares of VanEck BDC Income ETF in the 1st quarter valued at $171,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter worth $167,000. Finally, Legacy Capital Wealth Partners LLC raised its holdings in shares of VanEck BDC Income ETF by 16.8% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 12,353 shares of the company’s stock worth $198,000 after purchasing an additional 1,777 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.