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

Shares of VanEck BDC Income ETF (NYSEARCA:BIZD) reached a new 52-week low during 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 Performance

The company’s 50 day moving average price is $17.07 and its 200 day moving average price is $16.74. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 9.80 and a beta of 0.85.

Institutional Trading of VanEck BDC Income ETF

Several large investors have recently made changes to their positions in BIZD. Centaurus Financial Inc. acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter worth $2,492,000. Mattson Financial Services LLC lifted its position in VanEck BDC Income ETF by 46.1% during the 4th quarter. Mattson Financial Services LLC now owns 3,950 shares of the company’s stock worth $65,000 after acquiring an additional 1,246 shares during the last quarter. Alpha Wealth Funds LLC bought a new stake in VanEck BDC Income ETF during the fourth quarter valued at about $861,000. Ameriflex Group Inc. acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at about $85,000. Finally, Stonebridge Financial Planning Group LLC lifted its position in shares of VanEck BDC Income ETF by 38.6% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 60,333 shares of the company’s stock worth $1,003,000 after purchasing an additional 16,794 shares during the last quarter.

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.