VanEck BDC Income ETF (NYSEARCA:BIZD) Hits New 12-Month High – What’s Next?

VanEck BDC Income ETF (NYSEARCA:BIZD) reached a new 52-week high on Thursday . The stock traded as high as $17.86 and last traded at $17.82, with a volume of 976562 shares trading hands. The stock had previously closed at $17.76.

VanEck BDC Income ETF Price Performance

The company has a fifty day simple moving average of $16.99 and a two-hundred day simple moving average of $16.57. The company has a market capitalization of $1.15 billion, a P/E ratio of 18.42 and a beta of 0.58.

Hedge Funds Weigh In On VanEck BDC Income ETF

Institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new position in shares of VanEck BDC Income ETF in the fourth quarter worth about $30,000. Jones Financial Companies Lllp acquired a new stake in VanEck BDC Income ETF during the fourth quarter valued at approximately $31,000. AlphaMark Advisors LLC boosted its holdings in VanEck BDC Income ETF by 229.5% during the fourth quarter. AlphaMark Advisors LLC now owns 2,175 shares of the company’s stock valued at $36,000 after purchasing an additional 1,515 shares in the last quarter. Hollencrest Capital Management acquired a new stake in VanEck BDC Income ETF during the fourth quarter valued at approximately $50,000. Finally, CoreCap Advisors LLC grew its position in VanEck BDC Income ETF by 28.9% during the 4th quarter. CoreCap Advisors LLC now owns 3,222 shares of the company’s stock worth $54,000 after acquiring an additional 722 shares during the last quarter.

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.