Congress Wealth Management LLC DE Invests $386,000 in VanEck BDC Income ETF (NYSEARCA:BIZD)

Congress Wealth Management LLC DE bought a new stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,205 shares of the company’s stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BIZD. LPL Financial LLC raised its holdings in VanEck BDC Income ETF by 3.2% during the 4th quarter. LPL Financial LLC now owns 2,473,204 shares of the company’s stock worth $41,129,000 after buying an additional 76,195 shares during the period. Samalin Investment Counsel LLC raised its holdings in shares of VanEck BDC Income ETF by 12.2% during the fourth quarter. Samalin Investment Counsel LLC now owns 141,323 shares of the company’s stock valued at $2,350,000 after acquiring an additional 15,322 shares during the period. Condor Capital Management boosted its stake in VanEck BDC Income ETF by 1.6% in the 4th quarter. Condor Capital Management now owns 1,006,325 shares of the company’s stock worth $16,735,000 after purchasing an additional 15,501 shares during the period. Harbour Investments Inc. grew its position in VanEck BDC Income ETF by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 46,466 shares of the company’s stock worth $773,000 after purchasing an additional 20,873 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in VanEck BDC Income ETF by 5.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 340,472 shares of the company’s stock valued at $5,662,000 after purchasing an additional 16,823 shares during the period.

VanEck BDC Income ETF Stock Down 1.4 %

BIZD opened at $16.86 on Friday. VanEck BDC Income ETF has a 12-month low of $15.18 and a 12-month high of $17.86. The firm has a market capitalization of $1.49 billion, a P/E ratio of 9.76 and a beta of 1.10. The stock has a fifty day moving average of $17.18 and a 200-day moving average of $16.75.

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.