VanEck BDC Income ETF (NYSEARCA:BIZD) Reaches New 1-Year Low – Should You Sell?

VanEck BDC Income ETF (NYSEARCA:BIZD) shares reached a new 52-week low during trading on Monday. The company traded as low as $11.89 and last traded at $11.8440, with a volume of 156,522 shares changing hands. The stock had previously closed at $12.01.

VanEck BDC Income ETF Price Performance

The stock has a market cap of $1.40 billion, a P/E ratio of 11.32 and a beta of 0.67. The firm’s fifty day moving average price is $12.95 and its two-hundred day moving average price is $12.73.

Hedge Funds Weigh In On VanEck BDC Income ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in shares of VanEck BDC Income ETF by 30.8% during the 1st quarter. Bank of America Corp DE now owns 7,624,033 shares of the company’s stock valued at $97,588,000 after acquiring an additional 1,794,136 shares during the last quarter. Cambridge Associates LLC MA ADV raised its stake in VanEck BDC Income ETF by 38.7% in the first quarter. Cambridge Associates LLC MA ADV now owns 2,424,628 shares of the company’s stock valued at $31,035,000 after purchasing an additional 676,672 shares in the last quarter. Independent Financial Group LLC bought a new stake in VanEck BDC Income ETF during the first quarter valued at approximately $13,576,000. Market Street Wealth Management Advisors LLC bought a new stake in VanEck BDC Income ETF during the third quarter valued at approximately $7,790,000. Finally, Royal Bank of Canada lifted its position in VanEck BDC Income ETF by 2.0% during the first quarter. Royal Bank of Canada now owns 503,030 shares of the company’s stock valued at $6,439,000 after purchasing an additional 9,763 shares during the last quarter.

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.