Wealth Alliance Cuts Stock Holdings in VanEck BDC Income ETF (NYSEARCA:BIZD)

Wealth Alliance decreased its stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 42,340 shares of the company’s stock after selling 750 shares during the period. Wealth Alliance’s holdings in VanEck BDC Income ETF were worth $679,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in VanEck BDC Income ETF in the second quarter worth $27,000. FMR LLC purchased a new position in VanEck BDC Income ETF in the first quarter worth $35,000. Global Retirement Partners LLC raised its stake in shares of VanEck BDC Income ETF by 415.6% in the third quarter. Global Retirement Partners LLC now owns 2,836 shares of the company’s stock valued at $42,000 after buying an additional 2,286 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of VanEck BDC Income ETF in the first quarter valued at $44,000. Finally, Credit Suisse AG purchased a new position in shares of VanEck BDC Income ETF during the 2nd quarter valued at $57,000.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA BIZD opened at $16.25 on Thursday. VanEck BDC Income ETF has a one year low of $13.76 and a one year high of $16.94. The business’s fifty day moving average price is $16.35 and its 200-day moving average price is $16.02. The stock has a market capitalization of $1.02 billion, a PE ratio of 17.70 and a beta of 0.63.

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.