Transcend Capital Advisors LLC Makes New $15.43 Million Investment in VanEck BDC Income ETF $BIZD

Transcend Capital Advisors LLC purchased a new position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,088,009 shares of the company’s stock, valued at approximately $15,428,000. VanEck BDC Income ETF comprises 1.2% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Silver Oak Securities Incorporated lifted its stake in shares of VanEck BDC Income ETF by 4.0% in the 4th quarter. Silver Oak Securities Incorporated now owns 18,575 shares of the company’s stock valued at $263,000 after purchasing an additional 721 shares during the last quarter. IAM Advisory LLC increased its position in VanEck BDC Income ETF by 4.5% during the fourth quarter. IAM Advisory LLC now owns 18,965 shares of the company’s stock worth $269,000 after buying an additional 812 shares during the last quarter. Measured Risk Portfolios Inc. raised its holdings in VanEck BDC Income ETF by 0.6% during the third quarter. Measured Risk Portfolios Inc. now owns 142,179 shares of the company’s stock valued at $2,124,000 after buying an additional 856 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of VanEck BDC Income ETF by 0.3% in the third quarter. Envestnet Asset Management Inc. now owns 409,033 shares of the company’s stock worth $6,111,000 after buying an additional 1,230 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of VanEck BDC Income ETF in the second quarter worth about $25,000.

VanEck BDC Income ETF Stock Performance

BIZD opened at $12.51 on Tuesday. The company has a market cap of $1.49 billion, a PE ratio of 11.32 and a beta of 0.67. The stock has a 50-day moving average of $12.92 and a 200-day moving average of $13.84. VanEck BDC Income ETF has a 52-week low of $11.97 and a 52-week high of $16.95.

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.