Hilltop Holdings Inc. Increases Position in VanEck BDC Income ETF $BIZD

Hilltop Holdings Inc. raised its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 24.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 426,244 shares of the company’s stock after buying an additional 84,066 shares during the period. Hilltop Holdings Inc.’s holdings in VanEck BDC Income ETF were worth $6,368,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of VanEck BDC Income ETF in the 2nd quarter valued at $25,000. Group One Trading LLC boosted its holdings in VanEck BDC Income ETF by 402.5% during the 2nd quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock valued at $33,000 after acquiring an additional 1,610 shares during the period. Ameriflex Group Inc. purchased a new position in VanEck BDC Income ETF during the 3rd quarter valued at about $32,000. Geneos Wealth Management Inc. acquired a new position in VanEck BDC Income ETF in the 3rd quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC acquired a new position in VanEck BDC Income ETF in the 3rd quarter valued at about $49,000.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA:BIZD opened at $12.48 on Monday. The firm has a market capitalization of $1.42 billion, a PE ratio of 11.32 and a beta of 0.82. VanEck BDC Income ETF has a 1 year low of $12.40 and a 1 year high of $17.10. The firm’s 50-day moving average is $13.65 and its two-hundred day moving average is $14.31.

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.