Pasadena Private Wealth LLC Acquires New Position in VanEck BDC Income ETF $BIZD

Pasadena Private Wealth LLC acquired a new stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 50,166 shares of the company’s stock, valued at approximately $711,000.

A number of other hedge funds also recently made changes to their positions in BIZD. Russell Investments Group Ltd. bought a new position in shares of VanEck BDC Income ETF during the 2nd quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of VanEck BDC Income ETF during the 4th quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new position in shares of VanEck BDC Income ETF during the 3rd quarter valued at approximately $32,000. Group One Trading LLC grew its stake in shares of VanEck BDC Income ETF by 402.5% during the 2nd quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock valued at $33,000 after acquiring an additional 1,610 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new position in shares of VanEck BDC Income ETF during the 3rd quarter valued at approximately $49,000.

VanEck BDC Income ETF Trading Up 0.2%

Shares of NYSEARCA:BIZD opened at $12.59 on Friday. The stock has a 50 day moving average of $12.70 and a 200 day moving average of $13.52. The company has a market cap of $1.55 billion, a PE ratio of 11.32 and a beta of 0.66. VanEck BDC Income ETF has a 12-month low of $11.97 and a 12-month high of $16.95.

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.