Cynosure Group LLC Raises Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Cynosure Group LLC increased its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,800 shares of the company’s stock after acquiring an additional 5,834 shares during the quarter. Cynosure Group LLC owned about 0.18% of VanEck BDC Income ETF worth $1,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of VanEck BDC Income ETF during the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp acquired a new stake in VanEck BDC Income ETF during the fourth quarter worth $31,000. AlphaMark Advisors LLC raised its position in VanEck BDC Income ETF by 229.5% in the fourth quarter. AlphaMark Advisors LLC now owns 2,175 shares of the company’s stock valued at $36,000 after purchasing an additional 1,515 shares during the period. Hollencrest Capital Management purchased a new position in shares of VanEck BDC Income ETF during the 4th quarter worth $50,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of VanEck BDC Income ETF during the 4th quarter worth $57,000.

VanEck BDC Income ETF Price Performance

NYSEARCA BIZD opened at $16.51 on Wednesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 9.80 and a beta of 0.85. The firm’s 50-day moving average is $17.16 and its two-hundred day moving average is $16.76. VanEck BDC Income ETF has a 12 month low of $15.18 and a 12 month high of $17.86.

VanEck BDC Income ETF 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.