Bridges Investment Management Inc. Buys 9,015 Shares of VanEck BDC Income ETF $BIZD

Bridges Investment Management Inc. boosted its stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 9.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 105,767 shares of the company’s stock after purchasing an additional 9,015 shares during the period. Bridges Investment Management Inc.’s holdings in VanEck BDC Income ETF were worth $1,722,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its position in VanEck BDC Income ETF by 5.4% during the first quarter. Avantax Advisory Services Inc. now owns 114,828 shares of the company’s stock valued at $1,925,000 after buying an additional 5,907 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in VanEck BDC Income ETF by 12.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,096 shares of the company’s stock valued at $407,000 after buying an additional 2,788 shares during the period. Goldman Sachs Group Inc. grew its position in VanEck BDC Income ETF by 297.3% during the first quarter. Goldman Sachs Group Inc. now owns 51,427 shares of the company’s stock valued at $862,000 after buying an additional 38,483 shares during the period. Triumph Capital Management lifted its holdings in VanEck BDC Income ETF by 10.8% during the first quarter. Triumph Capital Management now owns 28,238 shares of the company’s stock valued at $473,000 after purchasing an additional 2,748 shares during the last quarter. Finally, WMG Financial Advisors LLC purchased a new stake in VanEck BDC Income ETF during the second quarter valued at about $445,000.

VanEck BDC Income ETF Stock Down 2.2%

NYSEARCA BIZD opened at $13.90 on Friday. The company has a market cap of $1.49 billion, a PE ratio of 11.32 and a beta of 1.21. VanEck BDC Income ETF has a 52 week low of $13.44 and a 52 week high of $17.86. The firm’s 50-day simple moving average is $15.35 and its two-hundred day simple moving average is $15.66.

VanEck BDC Income ETF 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.