VanEck BDC Income ETF $BIZD Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 91.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,066 shares of the company’s stock after selling 50,957 shares during the period. IFP Advisors Inc’s holdings in VanEck BDC Income ETF were worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BIZD. Russell Investments Group Ltd. bought a new stake in VanEck BDC Income ETF during the second quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in shares of VanEck BDC Income ETF during the third quarter worth $32,000. Group One Trading LLC lifted its position in shares of VanEck BDC Income ETF by 402.5% in 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 during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of VanEck BDC Income ETF in the 3rd quarter worth about $45,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of VanEck BDC Income ETF in the 3rd quarter valued at about $49,000.

VanEck BDC Income ETF Stock Up 2.3%

Shares of NYSEARCA:BIZD opened at $12.80 on Wednesday. VanEck BDC Income ETF has a fifty-two week low of $12.32 and a fifty-two week high of $16.95. The firm has a 50-day simple moving average of $13.25 and a 200 day simple moving average of $14.03. The company has a market cap of $1.45 billion, a PE ratio of 11.32 and a beta of 0.82.

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.