Renaissance Technologies LLC Acquires New Shares in VanEck BDC Income ETF $BIZD

Renaissance Technologies LLC acquired a new position in VanEck BDC Income ETF (NYSEARCA:BIZD) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 54,400 shares of the company’s stock, valued at approximately $696,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mission Hills Financial Advisory LLC raised its holdings in shares of VanEck BDC Income ETF by 8.0% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 1,212,252 shares of the company’s stock valued at $17,190,000 after purchasing an additional 90,088 shares in the last quarter. CWM LLC boosted its stake in shares of VanEck BDC Income ETF by 1,242.7% during the fourth quarter. CWM LLC now owns 367,950 shares of the company’s stock valued at $5,218,000 after purchasing an additional 340,546 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of VanEck BDC Income ETF by 100.7% during the fourth quarter. MGO One Seven LLC now owns 355,603 shares of the company’s stock valued at $5,042,000 after purchasing an additional 178,414 shares in the last quarter. Garner Asset Management Corp purchased a new position in VanEck BDC Income ETF during the fourth quarter valued at approximately $688,000. Finally, Baker Avenue Asset Management LP increased its holdings in VanEck BDC Income ETF by 558.5% during the fourth quarter. Baker Avenue Asset Management LP now owns 115,140 shares of the company’s stock valued at $1,633,000 after buying an additional 97,654 shares during the period.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA:BIZD opened at $13.37 on Monday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64. VanEck BDC Income ETF has a 52 week low of $11.97 and a 52 week high of $16.13. The firm has a 50 day moving average of $12.62 and a 200 day moving average of $12.81.

About VanEck BDC Income ETF

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.