Quantum Portfolio Management LLC Purchases New Stake in VanEck BDC Income ETF $BIZD

Quantum Portfolio Management LLC acquired a new stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,296,072 shares of the company’s stock, valued at approximately $42,000. Quantum Portfolio Management LLC owned about 2.69% of VanEck BDC Income ETF at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BIZD. Russell Investments Group Ltd. acquired a new position in VanEck BDC Income ETF in the second quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in VanEck BDC Income ETF during the fourth quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC bought a new position in VanEck BDC Income ETF during the 4th quarter worth approximately $26,000. Group One Trading LLC lifted its holdings in VanEck BDC Income ETF by 402.5% during the 2nd quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock worth $33,000 after buying an additional 1,610 shares during the last quarter. Finally, Global Wealth Strategies & Associates bought a new position in VanEck BDC Income ETF during the 4th quarter worth approximately $50,000.

VanEck BDC Income ETF Trading Down 0.3%

BIZD stock opened at $12.28 on Friday. The stock’s 50 day simple moving average is $12.57 and its 200 day simple moving average is $13.10. VanEck BDC Income ETF has a 12-month low of $11.97 and a 12-month high of $16.95. The firm has a market cap of $1.58 billion, a P/E ratio of 11.32 and a beta of 0.64.

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.