Tocqueville Asset Management L.P. Sells 4,476 Shares of VanEck BDC Income ETF (NYSEARCA:BIZD)

Tocqueville Asset Management L.P. trimmed its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 179,163 shares of the company’s stock after selling 4,476 shares during the period. Tocqueville Asset Management L.P.’s holdings in VanEck BDC Income ETF were worth $2,979,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake in shares of VanEck BDC Income ETF by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 46,466 shares of the company’s stock worth $773,000 after purchasing an additional 20,873 shares during the period. Commonwealth Equity Services LLC increased its holdings in VanEck BDC Income ETF by 5.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 340,472 shares of the company’s stock worth $5,662,000 after buying an additional 16,823 shares during the last quarter. Avantax Advisory Services Inc. raised its position in VanEck BDC Income ETF by 12.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 108,921 shares of the company’s stock worth $1,811,000 after acquiring an additional 12,394 shares during the period. Hollencrest Capital Management purchased a new position in VanEck BDC Income ETF in the fourth quarter valued at about $50,000. Finally, HighTower Advisors LLC grew its position in shares of VanEck BDC Income ETF by 15.6% during the 4th quarter. HighTower Advisors LLC now owns 109,772 shares of the company’s stock valued at $1,826,000 after acquiring an additional 14,825 shares during the period.

VanEck BDC Income ETF Trading Up 0.7 %

NYSEARCA:BIZD opened at $16.74 on Wednesday. VanEck BDC Income ETF has a 12 month low of $15.18 and a 12 month high of $17.86. The firm’s 50 day moving average is $17.14 and its 200 day moving average is $16.71. The stock has a market capitalization of $1.48 billion, a PE ratio of 9.76 and a beta of 1.10.

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.