UBS Group AG Lowers Stake in VanEck BDC Income ETF $BIZD

UBS Group AG lessened its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 699,060 shares of the company’s stock after selling 402,999 shares during the period. UBS Group AG owned approximately 0.62% of VanEck BDC Income ETF worth $9,913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BIZD. Royal Bank of Canada lifted its holdings in shares of VanEck BDC Income ETF by 19.1% during the 1st quarter. Royal Bank of Canada now owns 466,339 shares of the company’s stock valued at $7,816,000 after purchasing an additional 74,858 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of VanEck BDC Income ETF by 297.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,427 shares of the company’s stock valued at $862,000 after acquiring an additional 38,483 shares during the period. Russell Investments Group Ltd. purchased a new position in VanEck BDC Income ETF in the 2nd quarter worth $25,000. NewEdge Advisors LLC raised its stake in VanEck BDC Income ETF by 104.2% in the 2nd quarter. NewEdge Advisors LLC now owns 380,160 shares of the company’s stock worth $6,189,000 after acquiring an additional 193,958 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in VanEck BDC Income ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 422,682 shares of the company’s stock worth $6,881,000 after acquiring an additional 7,666 shares during the last quarter.

VanEck BDC Income ETF Price Performance

Shares of BIZD stock opened at $12.61 on Friday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 11.32 and a beta of 0.66. The business has a fifty day moving average of $12.74 and a 200 day moving average of $13.64. VanEck BDC Income ETF has a 1 year low of $11.97 and a 1 year high of $16.95.

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.