Denali Advisors LLC Takes $2.61 Million Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Denali Advisors LLC acquired a new stake in VanEck BDC Income ETF (NYSEARCA:BIZD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 157,066 shares of the company’s stock, valued at approximately $2,612,000.

Other hedge funds also recently modified their holdings of the company. AlphaMark Advisors LLC raised its stake 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 worth $36,000 after acquiring an additional 1,515 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in VanEck BDC Income ETF in the fourth quarter valued at about $57,000. Centricity Wealth Management LLC bought a new position in VanEck BDC Income ETF in the fourth quarter valued at about $102,000. 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 valued at $125,000 after acquiring an additional 743 shares during the last quarter. Finally, Insight Advisors LLC PA bought a new position in VanEck BDC Income ETF in the fourth quarter valued at about $203,000.

VanEck BDC Income ETF Stock Down 0.5 %

VanEck BDC Income ETF stock opened at $17.50 on Wednesday. VanEck BDC Income ETF has a 12-month low of $15.18 and a 12-month high of $17.86. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 18.42 and a beta of 0.58. The business’s 50-day simple moving average is $17.08 and its 200 day simple moving average is $16.63.

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.