NewEdge Advisors LLC Buys 77,674 Shares of VanEck BDC Income ETF $BIZD

NewEdge Advisors LLC grew its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 49.2% during the first quarter, HoldingsChannel reports. The firm owned 235,568 shares of the company’s stock after buying an additional 77,674 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck BDC Income ETF were worth $3,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. D.A. Davidson & CO. boosted its stake in VanEck BDC Income ETF by 3.3% during the 4th quarter. D.A. Davidson & CO. now owns 24,891 shares of the company’s stock valued at $353,000 after purchasing an additional 806 shares during the period. Ranch Capital Advisors Inc. lifted its holdings in shares of VanEck BDC Income ETF by 1.6% during the first quarter. Ranch Capital Advisors Inc. now owns 63,787 shares of the company’s stock worth $816,000 after buying an additional 990 shares during the last quarter. World Investment Advisors lifted its holdings in shares of VanEck BDC Income ETF by 2.7% during the first quarter. World Investment Advisors now owns 44,372 shares of the company’s stock worth $568,000 after buying an additional 1,151 shares during the last quarter. Sterling Group Wealth Management LLC boosted its position in shares of VanEck BDC Income ETF by 5.0% in the fourth quarter. Sterling Group Wealth Management LLC now owns 26,059 shares of the company’s stock valued at $370,000 after acquiring an additional 1,247 shares during the period. Finally, Apeiron RIA LLC boosted its position in shares of VanEck BDC Income ETF by 7.2% in the first quarter. Apeiron RIA LLC now owns 19,510 shares of the company’s stock valued at $250,000 after acquiring an additional 1,317 shares during the period.

VanEck BDC Income ETF Price Performance

NYSEARCA:BIZD opened at $13.54 on Friday. VanEck BDC Income ETF has a one year low of $11.97 and a one year high of $16.13. The company has a fifty day moving average price of $12.61 and a 200 day moving average price of $12.82. The stock has a market cap of $1.72 billion, a P/E ratio of 11.32 and a beta of 0.64.

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.