Alpha Wealth Funds LLC Acquires 4,488 Shares of VanEck BDC Income ETF $BIZD

Alpha Wealth Funds LLC boosted its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,096 shares of the company’s stock after buying an additional 4,488 shares during the quarter. VanEck BDC Income ETF makes up about 1.0% of Alpha Wealth Funds LLC’s investment portfolio, making the stock its 11th largest holding. Alpha Wealth Funds LLC’s holdings in VanEck BDC Income ETF were worth $1,206,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. boosted its position in shares of VanEck BDC Income ETF by 5.4% in the first quarter. Avantax Advisory Services Inc. now owns 114,828 shares of the company’s stock worth $1,925,000 after purchasing an additional 5,907 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of VanEck BDC Income ETF by 12.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,096 shares of the company’s stock worth $407,000 after purchasing an additional 2,788 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of VanEck BDC Income ETF by 297.3% in the first quarter. Goldman Sachs Group Inc. now owns 51,427 shares of the company’s stock worth $862,000 after purchasing an additional 38,483 shares during the period. Truist Financial Corp boosted its position in shares of VanEck BDC Income ETF by 10.2% in the second quarter. Truist Financial Corp now owns 26,316 shares of the company’s stock worth $428,000 after purchasing an additional 2,446 shares during the period. Finally, Triumph Capital Management boosted its position in shares of VanEck BDC Income ETF by 10.8% in the first quarter. Triumph Capital Management now owns 28,238 shares of the company’s stock worth $473,000 after purchasing an additional 2,748 shares during the period.

VanEck BDC Income ETF Price Performance

BIZD opened at $13.97 on Friday. The firm has a market cap of $1.50 billion, a P/E ratio of 11.32 and a beta of 1.21. VanEck BDC Income ETF has a 1-year low of $13.44 and a 1-year high of $17.86. The company has a 50 day simple moving average of $15.31 and a two-hundred day simple moving average of $15.64.

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.