VanEck BDC Income ETF (NYSEARCA:BIZD) Sets New 12-Month High – What’s Next?

VanEck BDC Income ETF (NYSEARCA:BIZD)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $17.43 and last traded at $17.46, with a volume of 168316 shares traded. The stock had previously closed at $17.38.

VanEck BDC Income ETF Stock Up 0.5 %

The company has a market cap of $1.13 billion, a price-to-earnings ratio of 18.42 and a beta of 0.58. The stock has a 50 day simple moving average of $16.83 and a 200 day simple moving average of $16.50.

Institutional Investors Weigh In On VanEck BDC Income ETF

A number of hedge funds have recently made changes to their positions in BIZD. Millennium Management LLC raised its holdings in VanEck BDC Income ETF by 45.0% during the second quarter. Millennium Management LLC now owns 1,240,908 shares of the company’s stock valued at $21,232,000 after buying an additional 385,244 shares in the last quarter. Mission Hills Financial Advisory LLC boosted its holdings in VanEck BDC Income ETF by 9.8% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 805,097 shares of the company’s stock valued at $13,389,000 after acquiring an additional 71,942 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of VanEck BDC Income ETF by 26.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 340,545 shares of the company’s stock worth $5,663,000 after purchasing an additional 71,401 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of VanEck BDC Income ETF by 5.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 304,934 shares of the company’s stock worth $5,071,000 after purchasing an additional 15,949 shares in the last quarter. Finally, Townsquare Capital LLC increased its stake in VanEck BDC Income ETF by 9.5% during the 3rd quarter. Townsquare Capital LLC now owns 238,648 shares of the company’s stock worth $3,952,000 after purchasing an additional 20,777 shares in 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.