Cynosure Group LLC trimmed its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD – Free Report) by 75.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,692 shares of the company’s stock after selling 130,467 shares during the period. Cynosure Group LLC’s holdings in VanEck BDC Income ETF were worth $605,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of VanEck BDC Income ETF during the 2nd quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new position in shares of VanEck BDC Income ETF during the 4th quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of VanEck BDC Income ETF during the 4th quarter worth approximately $26,000. Group One Trading LLC raised its stake in shares of 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 buying an additional 1,610 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in shares of VanEck BDC Income ETF during the 3rd quarter worth approximately $32,000.
VanEck BDC Income ETF Price Performance
Shares of BIZD stock opened at $12.54 on Tuesday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64. The stock has a 50 day simple moving average of $12.69 and a 200-day simple moving average of $13.39. VanEck BDC Income ETF has a 1-year low of $11.97 and a 1-year high of $16.95.
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.
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