VanEck BDC Income ETF (NYSEARCA:BIZD) Hits New 12-Month Low – Should You Sell?

VanEck BDC Income ETF (NYSEARCA:BIZD) reached a new 52-week low on Friday . The stock traded as low as $12.38 and last traded at $12.39, with a volume of 3999644 shares changing hands. The stock had previously closed at $12.64.

VanEck BDC Income ETF Price Performance

The stock’s fifty day moving average price is $13.37 and its 200-day moving average price is $14.13. The firm has a market cap of $1.41 billion, a PE ratio of 11.32 and a beta of 0.82.

Hedge Funds Weigh In On VanEck BDC Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in VanEck BDC Income ETF in the 2nd 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 $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at $26,000. Ameriflex Group Inc. purchased a new position in VanEck BDC Income ETF in the third quarter valued at $32,000. Finally, Group One Trading LLC boosted its holdings in 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 purchasing an additional 1,610 shares during the period.

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.