Pasadena Private Wealth LLC Takes $711,000 Position in VanEck BDC Income ETF $BIZD

Pasadena Private Wealth LLC acquired a new stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,166 shares of the company’s stock, valued at approximately $711,000.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of VanEck BDC Income ETF by 173.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,781 shares of the company’s stock valued at $972,000 after purchasing an additional 42,970 shares during the period. Mission Hills Financial Advisory LLC boosted its stake in shares of VanEck BDC Income ETF by 12.3% during the third quarter. Mission Hills Financial Advisory LLC now owns 1,122,164 shares of the company’s stock valued at $16,765,000 after purchasing an additional 122,931 shares during the period. CWM LLC lifted its stake in VanEck BDC Income ETF by 1,242.7% in the fourth quarter. CWM LLC now owns 367,950 shares of the company’s stock worth $5,218,000 after acquiring an additional 340,546 shares during the period. Bessemer Group Inc. purchased a new stake in VanEck BDC Income ETF in the third quarter worth $3,444,000. Finally, Baker Avenue Asset Management LP lifted its stake in VanEck BDC Income ETF by 558.5% in the fourth quarter. Baker Avenue Asset Management LP now owns 115,140 shares of the company’s stock worth $1,633,000 after acquiring an additional 97,654 shares during the period.

VanEck BDC Income ETF Stock Up 0.2%

Shares of BIZD stock opened at $12.59 on Friday. The stock has a fifty day moving average of $12.70 and a 200 day moving average of $13.52. VanEck BDC Income ETF has a 52 week low of $11.97 and a 52 week high of $16.95. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 11.32 and a beta of 0.66.

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.