VanEck BDC Income ETF (NYSEARCA:BIZD) Hits 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 Thursday . The stock traded as high as $17.86 and last traded at $17.82, with a volume of 976562 shares changing hands. The stock had previously closed at $17.76.

VanEck BDC Income ETF Price Performance

The company has a 50-day moving average price of $16.99 and a 200-day moving average price of $16.57. The firm has a market capitalization of $1.15 billion, a PE ratio of 18.42 and a beta of 0.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BIZD. Cullen Frost Bankers Inc. bought a new stake in shares of VanEck BDC Income ETF in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp acquired a new position in shares of VanEck BDC Income ETF during the 4th quarter valued at $31,000. AlphaMark Advisors LLC grew its holdings in shares of VanEck BDC Income ETF by 229.5% in the 4th quarter. AlphaMark Advisors LLC now owns 2,175 shares of the company’s stock worth $36,000 after acquiring an additional 1,515 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of VanEck BDC Income ETF in the 4th quarter worth $50,000. Finally, CoreCap Advisors LLC grew its holdings in shares of VanEck BDC Income ETF by 28.9% in the 4th quarter. CoreCap Advisors LLC now owns 3,222 shares of the company’s stock worth $54,000 after acquiring an additional 722 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.