Investment Partners Asset Management Inc. Boosts Stake in VanEck BDC Income ETF $BIZD

Investment Partners Asset Management Inc. raised its holdings in VanEck BDC Income ETF (NYSEARCA:BIZD) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,353 shares of the company’s stock after acquiring an additional 2,116 shares during the period. VanEck BDC Income ETF makes up 1.2% of Investment Partners Asset Management Inc.’s investment portfolio, making the stock its 21st largest position. Investment Partners Asset Management Inc. owned about 0.12% of VanEck BDC Income ETF worth $1,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kestra Advisory Services LLC raised its stake in VanEck BDC Income ETF by 790.2% in the first quarter. Kestra Advisory Services LLC now owns 471,298 shares of the company’s stock valued at $7,899,000 after purchasing an additional 418,356 shares in the last quarter. LPL Financial LLC increased its holdings in shares of VanEck BDC Income ETF by 13.1% in the 1st quarter. LPL Financial LLC now owns 2,797,822 shares of the company’s stock worth $46,891,000 after buying an additional 324,618 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of VanEck BDC Income ETF during the 4th quarter valued at $3,435,000. TrueMark Investments LLC lifted its holdings in shares of VanEck BDC Income ETF by 1,108.7% during the 1st quarter. TrueMark Investments LLC now owns 224,919 shares of the company’s stock worth $3,770,000 after acquiring an additional 206,310 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in VanEck BDC Income ETF in the fourth quarter worth $2,492,000.

VanEck BDC Income ETF Stock Up 0.4%

BIZD opened at $15.06 on Friday. The business’s fifty day simple moving average is $15.97 and its 200 day simple moving average is $15.92. VanEck BDC Income ETF has a 52 week low of $13.50 and a 52 week high of $17.86. The stock has a market cap of $1.54 billion, a PE ratio of 11.32 and a beta of 1.21.

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.