VanEck BDC Income ETF $BIZD Position Reduced by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. trimmed its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 59.3% in the third quarter, HoldingsChannel.com reports. The firm owned 220,371 shares of the company’s stock after selling 321,085 shares during the quarter. Clark Capital Management Group Inc.’s holdings in VanEck BDC Income ETF were worth $3,292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BIZD. Bank of America Corp DE increased its position in shares of VanEck BDC Income ETF by 16.7% during the 3rd quarter. Bank of America Corp DE now owns 6,181,178 shares of the company’s stock valued at $92,347,000 after purchasing an additional 885,913 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of VanEck BDC Income ETF in the third quarter valued at $32,868,000. Mission Hills Financial Advisory LLC boosted its stake in VanEck BDC Income ETF by 12.3% during the third quarter. Mission Hills Financial Advisory LLC now owns 1,122,164 shares of the company’s stock valued at $16,765,000 after buying an additional 122,931 shares in the last quarter. UBS Group AG boosted its stake in VanEck BDC Income ETF by 7.0% during the third quarter. UBS Group AG now owns 1,102,059 shares of the company’s stock valued at $16,465,000 after buying an additional 72,393 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in VanEck BDC Income ETF during the third quarter valued at about $15,845,000.

VanEck BDC Income ETF Stock Up 0.5%

NYSEARCA:BIZD opened at $12.54 on Tuesday. The business’s 50-day moving average price is $13.61 and its 200 day moving average price is $14.28. The firm has a market cap of $1.42 billion, a P/E ratio of 11.32 and a beta of 0.82. VanEck BDC Income ETF has a 52-week low of $12.40 and a 52-week high of $17.10.

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.