Investment Partners Asset Management Inc. Purchases 2,817 Shares of VanEck BDC Income ETF (NYSEARCA:BIZD)

Investment Partners Asset Management Inc. boosted its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 104,039 shares of the company’s stock after buying an additional 2,817 shares during the quarter. VanEck BDC Income ETF comprises approximately 1.4% of Investment Partners Asset Management Inc.’s investment portfolio, making the stock its 16th largest position. Investment Partners Asset Management Inc.’s holdings in VanEck BDC Income ETF were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BIZD. AlphaMark Advisors LLC boosted its position in shares of VanEck BDC Income ETF by 229.5% in the 4th quarter. AlphaMark Advisors LLC now owns 2,175 shares of the company’s stock worth $36,000 after purchasing an additional 1,515 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in VanEck BDC Income ETF during the fourth quarter valued at $57,000. MGB Wealth Management LLC boosted its holdings 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 acquiring an additional 743 shares in the last quarter. Insight Advisors LLC PA purchased a new stake in shares of VanEck BDC Income ETF in the fourth quarter worth $203,000. Finally, Truist Financial Corp bought a new position in shares of VanEck BDC Income ETF during the second quarter valued at $248,000.

VanEck BDC Income ETF Stock Performance

Shares of BIZD stock opened at $17.38 on Thursday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 18.42 and a beta of 0.58. VanEck BDC Income ETF has a one year low of $15.18 and a one year high of $17.53. The company’s 50-day moving average is $16.92 and its 200 day moving average is $16.53.

About VanEck BDC Income ETF

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.