VanEck BDC Income ETF (NYSEARCA:BIZD) Sees Large Volume Increase

VanEck BDC Income ETF (NYSEARCA:BIZD) shares saw unusually-strong trading volume on Wednesday . Approximately 843,435 shares were traded during trading, an increase of 38% from the previous session’s volume of 610,480 shares.The stock last traded at $16.91 and had previously closed at $16.78.

VanEck BDC Income ETF Stock Performance

The company has a fifty day moving average price of $17.00 and a two-hundred day moving average price of $16.57. The company has a market cap of $1.09 billion, a P/E ratio of 18.42 and a beta of 0.58.

Institutional Investors Weigh In On VanEck BDC Income ETF

Several large investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC acquired a new position in VanEck BDC Income ETF during the third quarter worth $113,000. Advisors Preferred LLC bought a new stake in shares of VanEck BDC Income ETF in the 4th quarter valued at about $134,000. Creekmur Asset Management LLC acquired a new stake in VanEck BDC Income ETF in the 4th quarter valued at about $150,000. Howard Wealth Management LLC acquired a new stake in shares of VanEck BDC Income ETF in the first quarter valued at approximately $171,000. Finally, Stonebridge Financial Planning Group LLC acquired a new position in shares of VanEck BDC Income ETF during the 4th quarter worth approximately $167,000.

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.