Independent Financial Group LLC Acquires Shares of 1,060,632 VanEck BDC Income ETF $BIZD

Independent Financial Group LLC acquired a new position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,060,632 shares of the company’s stock, valued at approximately $13,576,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC grew its stake in shares of VanEck BDC Income ETF by 97.8% in the first quarter. Sanctuary Advisors LLC now owns 57,545 shares of the company’s stock valued at $737,000 after buying an additional 28,458 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its position in VanEck BDC Income ETF by 45.7% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 491,575 shares of the company’s stock worth $6,292,000 after acquiring an additional 154,150 shares in the last quarter. J. Safra Sarasin Holding AG acquired a new position in VanEck BDC Income ETF during the 1st quarter worth approximately $257,000. Fifth Third Bancorp purchased a new position in VanEck BDC Income ETF in the 1st quarter worth approximately $246,000. Finally, Hsbc Holdings PLC boosted its holdings in VanEck BDC Income ETF by 60.0% in the 1st quarter. Hsbc Holdings PLC now owns 80,000 shares of the company’s stock worth $1,001,000 after acquiring an additional 30,000 shares during the period.

VanEck BDC Income ETF Stock Up 1.5%

Shares of NYSEARCA:BIZD opened at $12.86 on Friday. VanEck BDC Income ETF has a 52-week low of $11.97 and a 52-week high of $16.95. The company has a 50 day moving average of $12.52 and a two-hundred day moving average of $13.04. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64.

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.