Cascade Investment Group Inc. Acquires New Holdings in VanEck BDC Income ETF $BIZD

Cascade Investment Group Inc. bought a new stake in VanEck BDC Income ETF (NYSEARCA:BIZD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 129,950 shares of the company’s stock, valued at approximately $1,675,000. VanEck BDC Income ETF makes up 0.9% of Cascade Investment Group Inc.’s holdings, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BIZD. Paller Financial Services Inc increased its holdings in shares of VanEck BDC Income ETF by 34.8% during the third quarter. Paller Financial Services Inc now owns 176,102 shares of the company’s stock worth $2,270,000 after buying an additional 45,430 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of VanEck BDC Income ETF by 19.3% during the 3rd quarter. Sound Income Strategies LLC now owns 245,318 shares of the company’s stock valued at $2,986,000 after acquiring an additional 39,718 shares in the last quarter. Market Street Wealth Management Advisors LLC acquired a new stake in shares of VanEck BDC Income ETF during the 3rd quarter valued at $7,790,000. Farther Finance Advisors LLC grew its position in VanEck BDC Income ETF by 7.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 36,569 shares of the company’s stock worth $471,000 after acquiring an additional 2,626 shares during the last quarter. Finally, Adams Asset Advisors LLC bought a new stake in VanEck BDC Income ETF during the 3rd quarter worth $913,000.

VanEck BDC Income ETF Trading Down 0.8%

BIZD traded down $0.10 on Tuesday, reaching $12.00. The stock had a trading volume of 758,463 shares, compared to its average volume of 3,321,147. VanEck BDC Income ETF has a fifty-two week low of $11.90 and a fifty-two week high of $15.12. The firm has a 50-day moving average of $13.03 and a 200-day moving average of $12.75. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.32 and a beta of 0.67.

VanEck BDC Income ETF 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.