Norden Group LLC Sells 113,638 Shares of VanEck BDC Income ETF (NYSEARCA:BIZD)

Norden Group LLC cut its stake in VanEck BDC Income ETF (NYSEARCA:BIZD) by 88.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,693 shares of the company’s stock after selling 113,638 shares during the period. Norden Group LLC’s holdings in VanEck BDC Income ETF were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of BIZD. Bramshill Investments LLC bought a new stake in VanEck BDC Income ETF in the 3rd quarter valued at $72,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of VanEck BDC Income ETF during the third quarter worth $113,000. Advisors Preferred LLC bought a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at about $134,000. Graypoint LLC acquired a new position in shares of VanEck BDC Income ETF in the third quarter valued at about $160,000. Finally, Beacon Financial Advisory LLC increased its position in VanEck BDC Income ETF by 7.6% during the fourth quarter. Beacon Financial Advisory LLC now owns 11,685 shares of the company’s stock worth $187,000 after acquiring an additional 825 shares during the period.

VanEck BDC Income ETF Stock Up 0.9 %

NYSEARCA BIZD opened at $16.80 on Thursday. The firm has a 50-day moving average price of $16.44 and a two-hundred day moving average price of $16.13. VanEck BDC Income ETF has a 12-month low of $13.76 and a 12-month high of $16.94. The company has a market capitalization of $1.06 billion, a P/E ratio of 17.70 and a beta of 0.63.

VanEck BDC Income ETF 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.