Raymond James & Associates Acquires 112,039 Shares of VanEck BDC Income ETF (NYSEARCA:BIZD)

Raymond James & Associates grew its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 206.1% during the third quarter, Holdings Channel reports. The firm owned 166,398 shares of the company’s stock after purchasing an additional 112,039 shares during the period. Raymond James & Associates’ holdings in VanEck BDC Income ETF were worth $2,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mattson Financial Services LLC bought a new position in VanEck BDC Income ETF during the second quarter valued at about $46,000. Sound Income Strategies LLC increased its stake in VanEck BDC Income ETF by 12.9% during the third quarter. Sound Income Strategies LLC now owns 8,261 shares of the company’s stock valued at $137,000 after acquiring an additional 947 shares during the period. Howard Wealth Management LLC acquired a new position in shares of VanEck BDC Income ETF in the first quarter valued at $171,000. Northwestern Mutual Wealth Management Co. increased its stake in VanEck BDC Income ETF by 31.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,058 shares of the company’s stock valued at $172,000 after acquiring an additional 2,396 shares during the period. Finally, OLD National Bancorp IN bought a new position in shares of VanEck BDC Income ETF during the 2nd quarter worth approximately $218,000.

VanEck BDC Income ETF Stock Down 1.1 %

Shares of VanEck BDC Income ETF stock opened at $15.90 on Tuesday. The company has a 50-day simple moving average of $16.33 and a 200 day simple moving average of $16.60. VanEck BDC Income ETF has a 12-month low of $15.18 and a 12-month high of $17.43. The stock has a market capitalization of $1.03 billion, a P/E ratio of 18.42 and a beta of 0.58.

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.