VanEck BDC Income ETF (NYSEARCA:BIZD) Sees Large Volume Increase – Here’s What Happened

VanEck BDC Income ETF (NYSEARCA:BIZD) saw an uptick in trading volume on Wednesday . 1,223,480 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 956,055 shares.The stock last traded at $17.10 and had previously closed at $17.49.

VanEck BDC Income ETF Price Performance

The company’s fifty day simple moving average is $16.90 and its 200 day simple moving average is $16.52. The firm has a market capitalization of $1.12 billion, a PE ratio of 18.42 and a beta of 0.58.

Institutional Trading of VanEck BDC Income ETF

A number of hedge funds have recently made changes to their positions in the stock. Mission Hills Financial Advisory LLC boosted its position in shares of VanEck BDC Income ETF by 9.8% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 805,097 shares of the company’s stock worth $13,389,000 after purchasing an additional 71,942 shares in the last quarter. Haven Private LLC bought a new stake in shares of VanEck BDC Income ETF in the 4th quarter worth approximately $8,859,000. Steward Partners Investment Advisory LLC boosted its position in shares of VanEck BDC Income ETF by 4.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 418,249 shares of the company’s stock worth $6,955,000 after purchasing an additional 17,159 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of VanEck BDC Income ETF by 26.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 340,545 shares of the company’s stock worth $5,663,000 after purchasing an additional 71,401 shares in the last quarter. Finally, Nan Fung Trinity HK Ltd. bought a new stake in shares of VanEck BDC Income ETF in the 4th quarter worth approximately $5,638,000.

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.