VanEck BDC Income ETF (NYSEARCA:BIZD) Reaches New 12-Month Low – Time to Sell?

VanEck BDC Income ETF (NYSEARCA:BIZDGet Free Report)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $12.89 and last traded at $12.8080, with a volume of 753309 shares trading hands. The stock had previously closed at $13.16.

VanEck BDC Income ETF Trading Down 2.5%

The firm’s fifty day moving average is $13.98 and its 200 day moving average is $14.57. The company has a market cap of $1.46 billion, a PE ratio of 11.32 and a beta of 0.82.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in shares of VanEck BDC Income ETF during the second quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new stake in shares of VanEck BDC Income ETF during the fourth quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC acquired a new position in VanEck BDC Income ETF in the 4th quarter valued at $26,000. Group One Trading LLC raised its stake in VanEck BDC Income ETF by 402.5% in the 2nd quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock valued at $33,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in VanEck BDC Income ETF in the 3rd quarter valued at $32,000.

About VanEck BDC Income ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for VanEck BDC Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck BDC Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.