VanEck BDC Income ETF (NYSEARCA:BIZD) Reaches New 1-Year High – Here’s What Happened

Shares of VanEck BDC Income ETF (NYSEARCA:BIZD) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.86 and last traded at $17.82, with a volume of 976562 shares. The stock had previously closed at $17.76.

VanEck BDC Income ETF Stock Performance

The firm has a 50 day simple moving average of $17.03 and a two-hundred day simple moving average of $16.58. The stock has a market cap of $1.14 billion, a P/E ratio of 18.42 and a beta of 0.58.

Institutional Investors Weigh In On VanEck BDC Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BIZD. Bleakley Financial Group LLC boosted its stake in VanEck BDC Income ETF by 2.9% in the 4th quarter. Bleakley Financial Group LLC now owns 20,941 shares of the company’s stock worth $348,000 after purchasing an additional 587 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of VanEck BDC Income ETF by 0.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 86,313 shares of the company’s stock worth $1,435,000 after buying an additional 707 shares during the period. CoreCap Advisors LLC grew its stake in VanEck BDC Income ETF by 28.9% during the 4th quarter. CoreCap Advisors LLC now owns 3,222 shares of the company’s stock valued at $54,000 after acquiring an additional 722 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of VanEck BDC Income ETF by 1.7% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,710 shares of the company’s stock valued at $710,000 after purchasing an additional 724 shares during the period. Finally, MGB Wealth Management LLC lifted its position in shares of VanEck BDC Income ETF by 11.0% in the fourth quarter. MGB Wealth Management LLC now owns 7,493 shares of the company’s stock worth $125,000 after purchasing an additional 743 shares in the last quarter.

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.