VanEck BDC Income ETF (NYSEARCA:BIZD) Reaches New 12-Month Low – What’s Next?

VanEck BDC Income ETF (NYSEARCA:BIZD)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $11.90 and last traded at $11.9460, with a volume of 222313 shares traded. The stock had previously closed at $12.13.

VanEck BDC Income ETF Stock Performance

The stock has a market capitalization of $1.43 billion, a P/E ratio of 11.32 and a beta of 0.67. The firm has a 50-day moving average price of $13.07 and a 200 day moving average price of $12.77.

Institutional Investors Weigh In On VanEck BDC Income ETF

A number of hedge funds have recently made changes to their positions in the business. Quantum Portfolio Management LLC bought a new position in shares of VanEck BDC Income ETF during the 1st quarter valued at $42,000. Bank of America Corp DE lifted its stake in VanEck BDC Income ETF by 30.8% in the first quarter. Bank of America Corp DE now owns 7,624,033 shares of the company’s stock worth $97,588,000 after purchasing an additional 1,794,136 shares during the last quarter. Cambridge Associates LLC MA ADV lifted its stake in VanEck BDC Income ETF by 279.0% in the fourth quarter. Cambridge Associates LLC MA ADV now owns 1,747,956 shares of the company’s stock worth $24,786,000 after purchasing an additional 1,286,774 shares during the last quarter. Independent Financial Group LLC purchased a new stake in VanEck BDC Income ETF during the first quarter valued at about $13,576,000. Finally, Ferguson Shapiro LLC purchased a new stake in VanEck BDC Income ETF during the second quarter valued at about $2,211,000.

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.