VanEck BDC Income ETF (NYSEARCA:BIZD) Reaches New 1-Year Low – Here’s Why

VanEck BDC Income ETF (NYSEARCA:BIZD) shares hit a new 52-week low on Thursday . The stock traded as low as $13.03 and last traded at $13.0950, with a volume of 1698892 shares changing hands. The stock had previously closed at $13.44.

VanEck BDC Income ETF Stock Down 2.2%

The company has a market capitalization of $1.49 billion, a PE ratio of 11.32 and a beta of 0.82. The stock’s fifty day moving average price is $14.16 and its two-hundred day moving average price is $14.68.

Hedge Funds Weigh In On VanEck BDC Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BIZD. Bleakley Financial Group LLC boosted its holdings in shares of VanEck BDC Income ETF by 2.8% in the 2nd quarter. Bleakley Financial Group LLC now owns 23,898 shares of the company’s stock valued at $389,000 after buying an additional 654 shares in the last quarter. Silver Oak Securities Incorporated lifted its position in VanEck BDC Income ETF by 4.0% during the fourth quarter. Silver Oak Securities Incorporated now owns 18,575 shares of the company’s stock valued at $263,000 after acquiring an additional 721 shares during the last quarter. D.A. Davidson & CO. boosted its stake in VanEck BDC Income ETF by 3.3% in the fourth quarter. D.A. Davidson & CO. now owns 24,891 shares of the company’s stock valued at $353,000 after acquiring an additional 806 shares in the last quarter. IAM Advisory LLC boosted its stake in VanEck BDC Income ETF by 4.5% in the fourth quarter. IAM Advisory LLC now owns 18,965 shares of the company’s stock valued at $269,000 after acquiring an additional 812 shares in the last quarter. Finally, Measured Risk Portfolios Inc. grew its holdings in VanEck BDC Income ETF by 0.6% in the third quarter. Measured Risk Portfolios Inc. now owns 142,179 shares of the company’s stock worth $2,124,000 after purchasing an additional 856 shares during the last quarter.

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.