VanEck BDC Income ETF (NYSEARCA:BIZD) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

VanEck BDC Income ETF (NYSEARCA:BIZD)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $12.65 and traded as high as $12.81. VanEck BDC Income ETF shares last traded at $12.66, with a volume of 2,435,403 shares changing hands.

VanEck BDC Income ETF Stock Up 2.1%

The stock’s 50-day moving average price is $12.65 and its 200-day moving average price is $12.84. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 11.32 and a beta of 0.67.

Hedge Funds Weigh In On VanEck BDC Income ETF

Several large investors have recently made changes to their positions in the company. Barrett & Company Inc. bought a new position in VanEck BDC Income ETF in the third quarter valued at about $29,000. Western Wealth Management LLC bought a new stake in VanEck BDC Income ETF during the 1st quarter worth about $35,000. BOKF NA acquired a new position in VanEck BDC Income ETF during the 3rd quarter valued at about $41,000. Quantum Portfolio Management LLC acquired a new position in VanEck BDC Income ETF during the 1st quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC lifted its position in VanEck BDC Income ETF by 53.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,000 shares of the company’s stock valued at $64,000 after purchasing an additional 1,750 shares during the period.

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.