VanEck BDC Income ETF (NYSEARCA:BIZD) Sets New 12-Month Low – Here’s What Happened

VanEck BDC Income ETF (NYSEARCA:BIZD)’s share price hit a new 52-week low during mid-day trading on Saturday . The stock traded as low as $14.83 and last traded at $14.89, with a volume of 4500552 shares. The stock had previously closed at $16.08.

VanEck BDC Income ETF Stock Down 7.4 %

The firm has a market cap of $1.32 billion, a P/E ratio of 9.80 and a beta of 0.85. The stock’s 50-day moving average is $17.07 and its 200-day moving average is $16.74.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bleakley Financial Group LLC lifted its position in VanEck BDC Income ETF by 2.9% in the fourth quarter. Bleakley Financial Group LLC now owns 20,941 shares of the company’s stock worth $348,000 after purchasing an additional 587 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of VanEck BDC Income ETF by 0.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 86,313 shares of the company’s stock valued at $1,435,000 after buying an additional 707 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of VanEck BDC Income ETF by 28.9% during the 4th quarter. CoreCap Advisors LLC now owns 3,222 shares of the company’s stock valued at $54,000 after acquiring an additional 722 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of VanEck BDC Income ETF by 1.7% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,710 shares of the company’s stock valued at $710,000 after acquiring an additional 724 shares in the last quarter. Finally, MGB Wealth Management LLC increased its stake in VanEck BDC Income ETF by 11.0% in the fourth quarter. MGB Wealth Management LLC now owns 7,493 shares of the company’s stock valued at $125,000 after acquiring an additional 743 shares during the period.

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.