Bessemer Group Inc. Invests $3.44 Million in VanEck BDC Income ETF $BIZD

Bessemer Group Inc. purchased a new stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 230,555 shares of the company’s stock, valued at approximately $3,444,000.

Several other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in shares of VanEck BDC Income ETF during the second quarter worth $25,000. Group One Trading LLC raised its holdings in shares of VanEck BDC Income ETF by 402.5% in the second quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock valued at $33,000 after buying an additional 1,610 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in VanEck BDC Income ETF during the 3rd quarter worth about $45,000. Sherman Asset Management Inc. acquired a new position in VanEck BDC Income ETF during the 2nd quarter worth about $57,000. Finally, Private Trust Co. NA grew its holdings in VanEck BDC Income ETF by 274.1% during the 2nd quarter. Private Trust Co. NA now owns 4,373 shares of the company’s stock worth $71,000 after acquiring an additional 3,204 shares during the last quarter.

VanEck BDC Income ETF Trading Up 1.6%

BIZD opened at $13.42 on Friday. VanEck BDC Income ETF has a 1-year low of $13.14 and a 1-year high of $17.86. The stock has a market capitalization of $1.52 billion, a PE ratio of 11.32 and a beta of 0.82. The firm has a 50-day moving average price of $14.37 and a two-hundred day moving average price of $14.84.

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.