PFG Advisors lowered its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD – Free Report) by 11.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,145 shares of the company’s stock after selling 2,719 shares during the period. PFG Advisors owned about 0.05% of VanEck BDC Income ETF worth $299,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in VanEck BDC Income ETF by 81.2% during the first quarter. Bank of America Corp DE now owns 741,379 shares of the company’s stock worth $13,278,000 after buying an additional 332,142 shares in the last quarter. Raymond James & Associates lifted its stake in shares of VanEck BDC Income ETF by 1,186.8% in the 4th quarter. Raymond James & Associates now owns 345,404 shares of the company’s stock valued at $4,887,000 after purchasing an additional 318,561 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter worth $3,728,000. Shilanski & Associates Inc. purchased a new stake in shares of VanEck BDC Income ETF during the 4th quarter valued at about $2,759,000. Finally, Advisors Capital Management LLC acquired a new position in shares of VanEck BDC Income ETF during the third quarter worth $1,405,000.
VanEck BDC Income ETF Trading Up 0.5 %
BIZD stock opened at $15.06 on Friday. The company has a market capitalization of $596.38 million, a P/E ratio of 10.91 and a beta of 1.21. VanEck BDC Income ETF has a twelve month low of $12.93 and a twelve month high of $16.69. The firm has a 50 day simple moving average of $14.79 and a 200-day simple moving average of $14.80.
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.
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