Park Avenue Securities LLC Sells 61,618 Shares of VanEck BDC Income ETF $BIZD

Park Avenue Securities LLC trimmed its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 62.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,509 shares of the company’s stock after selling 61,618 shares during the period. Park Avenue Securities LLC’s holdings in VanEck BDC Income ETF were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BIZD. Rockefeller Capital Management L.P. bought a new position in VanEck BDC Income ETF in the 2nd quarter worth $254,000. Cetera Investment Advisers boosted its holdings in VanEck BDC Income ETF by 11.1% during the second quarter. Cetera Investment Advisers now owns 120,429 shares of the company’s stock valued at $1,961,000 after acquiring an additional 12,002 shares during the period. Beacon Pointe Advisors LLC bought a new stake in VanEck BDC Income ETF during the second quarter valued at about $2,247,000. Mission Hills Financial Advisory LLC grew its position in shares of VanEck BDC Income ETF by 12.3% in the third quarter. Mission Hills Financial Advisory LLC now owns 1,122,164 shares of the company’s stock valued at $16,765,000 after purchasing an additional 122,931 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of VanEck BDC Income ETF in the third quarter valued at about $3,444,000.

VanEck BDC Income ETF Stock Performance

VanEck BDC Income ETF stock opened at $12.38 on Friday. VanEck BDC Income ETF has a 52 week low of $12.32 and a 52 week high of $17.10. The firm has a market capitalization of $1.41 billion, a PE ratio of 11.32 and a beta of 0.82. The business’s 50-day simple moving average is $13.32 and its 200-day simple moving average is $14.09.

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.