Naviter Wealth LLC Raises Stock Position in VanEck BDC Income ETF $BIZD

Naviter Wealth LLC lifted its stake in VanEck BDC Income ETF (NYSEARCA:BIZD) by 63.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 549,513 shares of the company’s stock after acquiring an additional 212,613 shares during the period. VanEck BDC Income ETF accounts for approximately 1.0% of Naviter Wealth LLC’s portfolio, making the stock its 20th biggest position. Naviter Wealth LLC’s holdings in VanEck BDC Income ETF were worth $7,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Silver Oak Securities Incorporated raised its stake in VanEck BDC Income ETF by 4.0% during the 4th quarter. Silver Oak Securities Incorporated now owns 18,575 shares of the company’s stock worth $263,000 after acquiring an additional 721 shares in the last quarter. IAM Advisory LLC raised its stake in VanEck BDC Income ETF by 4.5% during the 4th quarter. IAM Advisory LLC now owns 18,965 shares of the company’s stock worth $269,000 after acquiring an additional 812 shares in the last quarter. Measured Risk Portfolios Inc. raised its stake in VanEck BDC Income ETF by 0.6% during the 3rd quarter. Measured Risk Portfolios Inc. now owns 142,179 shares of the company’s stock worth $2,124,000 after acquiring an additional 856 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in VanEck BDC Income ETF by 0.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 409,033 shares of the company’s stock worth $6,111,000 after acquiring an additional 1,230 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in VanEck BDC Income ETF during the 2nd quarter worth $25,000.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA:BIZD opened at $12.40 on Wednesday. The company’s fifty day moving average price is $13.05 and its 200 day moving average price is $13.92. VanEck BDC Income ETF has a 12 month low of $11.97 and a 12 month high of $16.95. The firm has a market capitalization of $1.42 billion, a P/E ratio of 11.32 and a beta of 0.75.

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.