VanEck BDC Income ETF (NYSEARCA:BIZD) Hits New 1-Year Low – What’s Next?

Shares of VanEck BDC Income ETF (NYSEARCA:BIZD) reached a new 52-week low on Friday . The company traded as low as $12.38 and last traded at $12.39, with a volume of 3999644 shares traded. The stock had previously closed at $12.64.

VanEck BDC Income ETF Stock Down 1.8%

The company has a market capitalization of $1.41 billion, a PE ratio of 11.32 and a beta of 0.82. The stock’s 50 day moving average is $13.37 and its two-hundred day moving average is $14.13.

Institutional Investors Weigh In On VanEck BDC Income ETF

Several hedge funds have recently bought and sold shares of BIZD. Russell Investments Group Ltd. purchased a new stake in shares of VanEck BDC Income ETF during the second quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in VanEck BDC Income ETF in the 4th quarter worth about $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in VanEck BDC Income ETF in the 4th quarter worth about $26,000. Group One Trading LLC increased its stake in VanEck BDC Income ETF by 402.5% during the 2nd quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock worth $33,000 after buying an additional 1,610 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in VanEck BDC Income ETF during the 3rd quarter worth approximately $32,000.

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.