VanEck BDC Income ETF (NYSEARCA:BIZD) Sets New 1-Year Low – Should You Sell?

Shares of VanEck BDC Income ETF (NYSEARCA:BIZD) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.03 and last traded at $13.0950, with a volume of 1698892 shares traded. The stock had previously closed at $13.44.

VanEck BDC Income ETF Stock Performance

The company has a 50 day simple moving average of $14.09 and a two-hundred day simple moving average of $14.65. The firm has a market cap of $1.49 billion, a PE ratio of 11.32 and a beta of 0.82.

Institutional Trading of VanEck BDC Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in shares of VanEck BDC Income ETF during the second quarter worth $25,000. Motiv8 Investments LLC purchased a new position in shares of VanEck BDC Income ETF during the 4th quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of VanEck BDC Income ETF in the 4th quarter valued at about $26,000. Ameriflex Group Inc. purchased a new stake in shares of VanEck BDC Income ETF in the third quarter worth about $32,000. Finally, Group One Trading LLC grew its holdings in VanEck BDC Income ETF by 402.5% during the second 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 during the period.

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.