Hsbc Holdings PLC Invests $710,000 in VanEck BDC Income ETF $BIZD

Hsbc Holdings PLC bought a new position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the company’s stock, valued at approximately $710,000.

Several other institutional investors and hedge funds also recently modified their holdings of BIZD. Wells Fargo & Company MN raised its position in shares of VanEck BDC Income ETF by 126.1% during the 4th quarter. Wells Fargo & Company MN now owns 4,413,105 shares of the company’s stock worth $62,578,000 after purchasing an additional 2,460,983 shares during the last quarter. Bank of America Corp DE grew its holdings in VanEck BDC Income ETF by 62.6% during the 2nd quarter. Bank of America Corp DE now owns 5,295,265 shares of the company’s stock valued at $86,207,000 after buying an additional 2,038,234 shares during the last quarter. Cambridge Associates LLC MA ADV increased its position in VanEck BDC Income ETF by 279.0% during the fourth quarter. Cambridge Associates LLC MA ADV now owns 1,747,956 shares of the company’s stock worth $24,786,000 after buying an additional 1,286,774 shares in the last quarter. Transcend Capital Advisors LLC acquired a new position in shares of VanEck BDC Income ETF in the fourth quarter worth $15,428,000. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of VanEck BDC Income ETF by 546.6% in the second quarter. Orion Porfolio Solutions LLC now owns 635,803 shares of the company’s stock worth $10,351,000 after acquiring an additional 537,476 shares during the last quarter.

VanEck BDC Income ETF Stock Performance

Shares of BIZD opened at $12.67 on Thursday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64. The company’s 50 day simple moving average is $12.53 and its 200 day simple moving average is $13.05. VanEck BDC Income ETF has a 1 year low of $11.97 and a 1 year 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.