Sterling Investment Advisors Ltd. reduced its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD – Free Report) by 14.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,475 shares of the company’s stock after selling 70,100 shares during the period. Sterling Investment Advisors Ltd. owned approximately 0.33% of VanEck BDC Income ETF worth $5,336,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of VanEck BDC Income ETF in the second quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in shares of VanEck BDC Income ETF in the 4th quarter worth $25,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of VanEck BDC Income ETF in the 4th quarter worth $26,000. Group One Trading LLC raised its position in shares of VanEck BDC Income ETF by 402.5% during the 2nd quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock valued at $33,000 after buying an additional 1,610 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of VanEck BDC Income ETF during the 1st quarter valued at $35,000.
VanEck BDC Income ETF Stock Down 1.4%
BIZD opened at $13.14 on Wednesday. The business’s fifty day simple moving average is $12.92 and its 200 day simple moving average is $12.77. VanEck BDC Income ETF has a 52 week low of $11.97 and a 52 week high of $16.05. The stock has a market cap of $1.67 billion, a PE ratio of 11.32 and a beta of 0.65.
About VanEck BDC Income ETF
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.
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