Magnolia Capital Advisors LLC Invests $730,000 in VanEck BDC Income ETF $BIZD

Magnolia Capital Advisors LLC purchased a new position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 44,871 shares of the company’s stock, valued at approximately $730,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CBIZ Investment Advisory Services LLC purchased a new position in shares of VanEck BDC Income ETF during the first quarter worth $41,000. AlphaCore Capital LLC purchased a new position in VanEck BDC Income ETF in the first quarter valued at $53,000. AE Wealth Management LLC boosted its holdings in VanEck BDC Income ETF by 81.9% in the first quarter. AE Wealth Management LLC now owns 3,557 shares of the company’s stock valued at $60,000 after purchasing an additional 1,602 shares during the period. Financial Network Wealth Advisors LLC boosted its holdings in VanEck BDC Income ETF by 343.2% in the first quarter. Financial Network Wealth Advisors LLC now owns 4,210 shares of the company’s stock valued at $71,000 after purchasing an additional 3,260 shares during the period. Finally, Private Trust Co. NA boosted its holdings in VanEck BDC Income ETF by 274.1% in the second quarter. Private Trust Co. NA now owns 4,373 shares of the company’s stock valued at $71,000 after purchasing an additional 3,204 shares during the period.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA BIZD opened at $14.37 on Tuesday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.32 and a beta of 0.82. The business has a 50-day moving average of $14.95 and a two-hundred day moving average of $15.62. VanEck BDC Income ETF has a 1 year low of $13.44 and a 1 year high of $17.86.

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.