VanEck BDC Income ETF (NYSEARCA:BIZD) Shares Gap Down – Here’s What Happened

VanEck BDC Income ETF (NYSEARCA:BIZD) gapped down before the market opened on Wednesday . The stock had previously closed at $12.80, but opened at $12.37. VanEck BDC Income ETF shares last traded at $12.12, with a volume of 489,720 shares traded.

VanEck BDC Income ETF Price Performance

The firm has a market capitalization of $1.38 billion, a P/E ratio of 11.32 and a beta of 0.82. The stock’s fifty day simple moving average is $13.25 and its 200 day simple moving average is $14.03.

Institutional Investors Weigh In On VanEck BDC Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in VanEck BDC Income ETF in the fourth quarter worth $710,000. Rockefeller Capital Management L.P. lifted its holdings in shares of VanEck BDC Income ETF by 64.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 56,552 shares of the company’s stock valued at $802,000 after purchasing an additional 22,257 shares during the last quarter. World Investment Advisors lifted its holdings in shares of VanEck BDC Income ETF by 34.6% during the 4th quarter. World Investment Advisors now owns 43,221 shares of the company’s stock valued at $613,000 after purchasing an additional 11,103 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of VanEck BDC Income ETF in the 4th quarter worth $450,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in VanEck BDC Income ETF during the 4th quarter worth $148,000.

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.