VanEck BDC Income ETF $BIZD Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 49.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 235,568 shares of the company’s stock after purchasing an additional 77,674 shares during the quarter. NewEdge Advisors LLC owned about 0.19% of VanEck BDC Income ETF worth $3,015,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in shares of VanEck BDC Income ETF in the second quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new stake in shares of VanEck BDC Income ETF in the 4th quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC purchased a new position in VanEck BDC Income ETF during the 4th quarter worth approximately $26,000. Group One Trading LLC raised its stake in 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 valued at $33,000 after purchasing an additional 1,610 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in VanEck BDC Income ETF during the 1st quarter valued at $35,000.

VanEck BDC Income ETF Trading Up 1.9%

NYSEARCA:BIZD opened at $13.54 on Friday. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64. VanEck BDC Income ETF has a 1-year low of $11.97 and a 1-year high of $16.13. The business’s fifty day moving average price is $12.61 and its 200 day moving average price is $12.82.

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.