VanEck BDC Income ETF (NYSEARCA:BIZD) Sets New 12-Month High – Time to Buy?

VanEck BDC Income ETF (NYSEARCA:BIZD)’s stock price hit a new 52-week high on Friday . The company traded as high as $17.54 and last traded at $17.58, with a volume of 123279 shares changing hands. The stock had previously closed at $17.46.

VanEck BDC Income ETF Trading Up 0.8 %

The business’s 50-day moving average is $16.96 and its two-hundred day moving average is $16.55. The firm has a market cap of $1.14 billion, a P/E ratio of 18.42 and a beta of 0.58.

Institutional Trading of VanEck BDC Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BIZD. Jane Street Group LLC bought a new position in VanEck BDC Income ETF during the 4th quarter worth $337,000. Talon Private Wealth LLC bought a new position in shares of VanEck BDC Income ETF during the fourth quarter worth about $424,000. Comerica Bank increased its holdings in shares of VanEck BDC Income ETF by 6.7% in the 4th quarter. Comerica Bank now owns 36,637 shares of the company’s stock worth $609,000 after acquiring an additional 2,303 shares during the period. Integrated Wealth Concepts LLC bought a new stake in VanEck BDC Income ETF in the 4th quarter valued at about $208,000. Finally, MGO One Seven LLC boosted its stake in VanEck BDC Income ETF by 330.7% during the 4th quarter. MGO One Seven LLC now owns 102,507 shares of the company’s stock valued at $1,705,000 after purchasing an additional 78,705 shares during the period.

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.