VanEck BDC Income ETF (NYSEARCA:BIZD – Get Free Report) shares hit a new 52-week low during trading on Wednesday. The stock traded as low as $11.90 and last traded at $11.9460, with a volume of 222313 shares trading hands. The stock had previously closed at $12.13.
VanEck BDC Income ETF Stock Performance
The stock has a fifty day simple moving average of $13.07 and a two-hundred day simple moving average of $12.77. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 11.32 and a beta of 0.67.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BIZD. Quantum Portfolio Management LLC acquired a new stake in shares of VanEck BDC Income ETF in the first quarter valued at about $42,000. Bank of America Corp DE lifted its stake in shares of VanEck BDC Income ETF by 30.8% in the first quarter. Bank of America Corp DE now owns 7,624,033 shares of the company’s stock worth $97,588,000 after acquiring an additional 1,794,136 shares during the period. Cambridge Associates LLC MA ADV boosted its holdings in VanEck BDC Income ETF by 279.0% in the fourth quarter. Cambridge Associates LLC MA ADV now owns 1,747,956 shares of the company’s stock valued at $24,786,000 after acquiring an additional 1,286,774 shares during the last quarter. Independent Financial Group LLC bought a new stake in VanEck BDC Income ETF in the first quarter valued at approximately $13,576,000. Finally, Ferguson Shapiro LLC acquired a new stake in VanEck BDC Income ETF during the 2nd quarter valued at approximately $2,211,000.
VanEck BDC Income ETF Company Profile
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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