Independent Financial Group LLC bought a new stake in VanEck BDC Income ETF (NYSEARCA:BIZD – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,060,632 shares of the company’s stock, valued at approximately $13,576,000. Independent Financial Group LLC owned 0.86% of VanEck BDC Income ETF as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in VanEck BDC Income ETF in the second quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new position in shares of VanEck BDC Income ETF during the fourth quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of VanEck BDC Income ETF during the fourth quarter worth approximately $26,000. Group One Trading LLC increased its holdings 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 valued at $33,000 after acquiring an additional 1,610 shares during the period. Finally, Sherman Asset Management Inc. acquired a new position in shares of VanEck BDC Income ETF in the 2nd quarter valued at $57,000.
VanEck BDC Income ETF Price Performance
BIZD stock opened at $12.86 on Friday. The company has a fifty day moving average price of $12.52 and a 200 day moving average price of $13.04. VanEck BDC Income ETF has a 12 month low of $11.97 and a 12 month high of $16.95. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64.
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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