VanEck BDC Income ETF $BIZD Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC boosted its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 63.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 549,513 shares of the company’s stock after acquiring an additional 212,613 shares during the period. VanEck BDC Income ETF comprises 1.0% of Naviter Wealth LLC’s investment portfolio, making the stock its 20th biggest holding. Naviter Wealth LLC owned about 0.49% of VanEck BDC Income ETF worth $7,792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BIZD. Russell Investments Group Ltd. acquired a new position in VanEck BDC Income ETF during the 2nd quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new position in VanEck BDC Income ETF during the 3rd quarter worth approximately $32,000. Group One Trading LLC grew its holdings 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 acquiring an additional 1,610 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in VanEck BDC Income ETF during the 3rd quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC acquired a new position in VanEck BDC Income ETF during the 3rd quarter worth approximately $49,000.

VanEck BDC Income ETF Stock Down 1.0%

NYSEARCA BIZD opened at $12.40 on Wednesday. VanEck BDC Income ETF has a 52 week low of $11.97 and a 52 week high of $16.95. The stock has a market capitalization of $1.42 billion, a PE ratio of 11.32 and a beta of 0.75. The firm has a 50 day moving average of $13.05 and a two-hundred day moving average of $13.92.

About VanEck BDC Income ETF

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.