Kestra Advisory Services LLC Sells 75,414 Shares of VanEck BDC Income ETF $BIZD

Kestra Advisory Services LLC decreased its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 29.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,924 shares of the company’s stock after selling 75,414 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.15% of VanEck BDC Income ETF worth $2,290,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Quantum Portfolio Management LLC bought a new stake in VanEck BDC Income ETF during the 1st quarter worth about $42,000. Wells Fargo & Company MN increased its position in shares of VanEck BDC Income ETF by 126.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,413,105 shares of the company’s stock valued at $62,578,000 after acquiring an additional 2,460,983 shares during the last quarter. Bank of America Corp DE increased its position in shares of VanEck BDC Income ETF by 62.6% in the second quarter. Bank of America Corp DE now owns 5,295,265 shares of the company’s stock valued at $86,207,000 after acquiring an additional 2,038,234 shares during the last quarter. Cambridge Associates LLC MA ADV increased its position in shares of VanEck BDC Income ETF by 279.0% in the fourth quarter. Cambridge Associates LLC MA ADV now owns 1,747,956 shares of the company’s stock valued at $24,786,000 after acquiring an additional 1,286,774 shares during the last quarter. Finally, Transcend Capital Advisors LLC bought a new stake in VanEck BDC Income ETF during the fourth quarter worth about $15,428,000.

VanEck BDC Income ETF Stock Performance

Shares of NYSEARCA BIZD opened at $12.72 on Monday. The stock has a 50 day moving average price of $12.52 and a 200 day moving average price of $13.03. VanEck BDC Income ETF has a 52 week low of $11.97 and a 52 week high of $16.95. The stock has a market capitalization of $1.63 billion, a PE ratio of 11.32 and a beta of 0.64.

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.