VanEck BDC Income ETF (NYSEARCA:BIZD) Sees Strong Trading Volume – Should You Buy?

VanEck BDC Income ETF (NYSEARCA:BIZD) shares saw unusually-high trading volume on Wednesday . Approximately 1,223,480 shares were traded during trading, an increase of 28% from the previous session’s volume of 956,055 shares.The stock last traded at $17.10 and had previously closed at $17.49.

VanEck BDC Income ETF Trading Down 1.5 %

The stock has a market capitalization of $1.12 billion, a PE ratio of 18.42 and a beta of 0.58. The firm’s 50-day simple moving average is $16.88 and its two-hundred day simple moving average is $16.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIZD. Bleakley Financial Group LLC boosted its position in VanEck BDC Income ETF by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 20,941 shares of the company’s stock valued at $348,000 after purchasing an additional 587 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of VanEck BDC Income ETF by 0.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 86,313 shares of the company’s stock valued at $1,435,000 after buying an additional 707 shares during the last quarter. MGB Wealth Management LLC grew its stake in shares of VanEck BDC Income ETF by 11.0% in the 4th quarter. MGB Wealth Management LLC now owns 7,493 shares of the company’s stock valued at $125,000 after buying an additional 743 shares in the last quarter. Global Retirement Partners LLC increased its holdings in VanEck BDC Income ETF by 3.1% in the third quarter. Global Retirement Partners LLC now owns 24,761 shares of the company’s stock worth $410,000 after buying an additional 755 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its position in VanEck BDC Income ETF by 5.0% during the third quarter. Beacon Financial Advisory LLC now owns 18,437 shares of the company’s stock valued at $305,000 after acquiring an additional 883 shares in the last quarter.

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.