VanEck BDC Income ETF $BIZD Shares Acquired by Garner Asset Management Corp

Garner Asset Management Corp boosted its holdings in VanEck BDC Income ETF (NYSEARCA:BIZD) by 15.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 322,753 shares of the company’s stock after acquiring an additional 42,749 shares during the quarter. VanEck BDC Income ETF makes up approximately 1.3% of Garner Asset Management Corp’s holdings, making the stock its 20th biggest holding. Garner Asset Management Corp’s holdings in VanEck BDC Income ETF were worth $3,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BIZD. Bank of America Corp DE raised its stake in VanEck BDC Income ETF by 30.8% during the first quarter. Bank of America Corp DE now owns 7,624,033 shares of the company’s stock worth $97,588,000 after acquiring an additional 1,794,136 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of VanEck BDC Income ETF in the 3rd quarter valued at approximately $53,185,000. Quantum Portfolio Management LLC acquired a new stake in shares of VanEck BDC Income ETF in the 1st quarter valued at approximately $42,000. Cambridge Associates LLC MA ADV boosted its stake in shares of VanEck BDC Income ETF by 38.7% in the 1st quarter. Cambridge Associates LLC MA ADV now owns 2,424,628 shares of the company’s stock valued at $31,035,000 after purchasing an additional 676,672 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of VanEck BDC Income ETF by 12.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,599,804 shares of the company’s stock valued at $20,621,000 after purchasing an additional 174,060 shares during the last quarter.

VanEck BDC Income ETF Trading Down 1.3%

Shares of VanEck BDC Income ETF stock opened at $12.40 on Wednesday. The firm’s 50 day moving average is $12.66 and its 200 day moving average is $12.85. The firm has a market capitalization of $1.47 billion, a PE ratio of 11.32 and a beta of 0.67. VanEck BDC Income ETF has a 1 year low of $11.73 and a 1 year high of $15.12.

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.