Naviter Wealth LLC Has $5.49 Million Stock Position in VanEck BDC Income ETF $BIZD

Naviter Wealth LLC increased its stake in VanEck BDC Income ETF (NYSEARCA:BIZD) by 464.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 337,401 shares of the company’s stock after acquiring an additional 277,663 shares during the quarter. VanEck BDC Income ETF comprises 0.7% of Naviter Wealth LLC’s holdings, making the stock its 28th largest holding. Naviter Wealth LLC owned about 0.38% of VanEck BDC Income ETF worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC lifted its stake in shares of VanEck BDC Income ETF by 13.1% in the first quarter. LPL Financial LLC now owns 2,797,822 shares of the company’s stock worth $46,891,000 after acquiring an additional 324,618 shares during the period. Mission Hills Financial Advisory LLC increased its holdings in VanEck BDC Income ETF by 7.5% in the first quarter. Mission Hills Financial Advisory LLC now owns 865,597 shares of the company’s stock worth $14,507,000 after purchasing an additional 60,500 shares in the last quarter. Haven Private LLC increased its holdings in VanEck BDC Income ETF by 12.4% in the first quarter. Haven Private LLC now owns 598,790 shares of the company’s stock worth $10,036,000 after purchasing an additional 66,071 shares in the last quarter. Nan Fung Trinity HK Ltd. increased its holdings in VanEck BDC Income ETF by 40.1% in the first quarter. Nan Fung Trinity HK Ltd. now owns 474,800 shares of the company’s stock worth $7,958,000 after purchasing an additional 135,800 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings 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 worth $7,899,000 after purchasing an additional 418,356 shares in the last quarter.

VanEck BDC Income ETF Stock Performance

Shares of BIZD stock opened at $13.91 on Tuesday. The company has a market cap of $1.49 billion, a P/E ratio of 11.32 and a beta of 1.21. The stock has a 50 day simple moving average of $15.46 and a two-hundred day simple moving average of $15.70. VanEck BDC Income ETF has a fifty-two week low of $13.44 and a fifty-two week high of $17.86.

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.