Naviter Wealth LLC Takes $509,000 Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Naviter Wealth LLC bought a new stake in VanEck BDC Income ETF (NYSEARCA:BIZD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 30,584 shares of the company’s stock, valued at approximately $509,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bleakley Financial Group LLC increased its position in VanEck BDC Income ETF by 2.9% in the fourth quarter. Bleakley Financial Group LLC now owns 20,941 shares of the company’s stock worth $348,000 after purchasing an additional 587 shares during the period. Atria Wealth Solutions Inc. increased its position in VanEck BDC Income ETF by 0.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 86,313 shares of the company’s stock worth $1,435,000 after purchasing an additional 707 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in VanEck BDC Income ETF by 1.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,710 shares of the company’s stock worth $710,000 after purchasing an additional 724 shares during the period. MGB Wealth Management LLC increased its position in VanEck BDC Income ETF by 11.0% in the fourth quarter. MGB Wealth Management LLC now owns 7,493 shares of the company’s stock worth $125,000 after purchasing an additional 743 shares during the period. Finally, Larson Financial Group LLC increased its position in VanEck BDC Income ETF by 7.6% in the third quarter. Larson Financial Group LLC now owns 15,744 shares of the company’s stock worth $261,000 after purchasing an additional 1,115 shares during the period.

VanEck BDC Income ETF Stock Up 2.3 %

Shares of BIZD stock opened at $17.12 on Friday. The stock has a 50-day moving average price of $17.15 and a 200 day moving average price of $16.70. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 10.16 and a beta of 1.11. VanEck BDC Income ETF has a 12 month low of $15.18 and a 12 month high of $17.86.

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.