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

VanEck BDC Income ETF (NYSEARCA:BIZD)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.86 and last traded at $17.82, with a volume of 976562 shares traded. The stock had previously closed at $17.76.

VanEck BDC Income ETF Price Performance

The firm has a market capitalization of $1.14 billion, a PE ratio of 18.42 and a beta of 0.58. The company has a fifty day moving average of $17.03 and a 200-day moving average of $16.58.

Institutional Investors Weigh In On VanEck BDC Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BIZD. Stonebridge Financial Planning Group LLC lifted its stake in shares of VanEck BDC Income ETF by 38.6% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 60,333 shares of the company’s stock valued at $1,003,000 after purchasing an additional 16,794 shares during the last quarter. Delta Investment Management LLC lifted its position in shares of VanEck BDC Income ETF by 35.5% in the fourth quarter. Delta Investment Management LLC now owns 123,674 shares of the company’s stock worth $2,057,000 after buying an additional 32,400 shares during the last quarter. Waverly Advisors LLC boosted its stake in shares of VanEck BDC Income ETF by 63.5% during the 4th quarter. Waverly Advisors LLC now owns 80,124 shares of the company’s stock worth $1,332,000 after acquiring an additional 31,118 shares in the last quarter. Visionary Wealth Advisors bought a new stake in shares of VanEck BDC Income ETF during the 4th quarter worth about $227,000. Finally, Two Sigma Investments LP increased its holdings in shares of VanEck BDC Income ETF by 17.1% during the 4th quarter. Two Sigma Investments LP now owns 350,300 shares of the company’s stock valued at $5,825,000 after acquiring an additional 51,100 shares during 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.