Investment Partners Asset Management Inc. Decreases Stock Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Investment Partners Asset Management Inc. decreased its stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 1.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 101,562 shares of the company’s stock after selling 2,000 shares during the period. VanEck BDC Income ETF accounts for approximately 1.5% of Investment Partners Asset Management Inc.’s portfolio, making the stock its 11th biggest position. Investment Partners Asset Management Inc.’s holdings in VanEck BDC Income ETF were worth $1,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Beacon Financial Advisory LLC grew its holdings in shares of VanEck BDC Income ETF by 7.6% during the fourth quarter. Beacon Financial Advisory LLC now owns 11,685 shares of the company’s stock worth $187,000 after buying an additional 825 shares during the last quarter. HB Wealth Management LLC increased its position in VanEck BDC Income ETF by 6.1% during the fourth quarter. HB Wealth Management LLC now owns 15,924 shares of the company’s stock worth $255,000 after buying an additional 915 shares in the last quarter. Rainsberger Wealth Advisors Inc. boosted its holdings in VanEck BDC Income ETF by 3.3% in the fourth quarter. Rainsberger Wealth Advisors Inc. now owns 42,767 shares of the company’s stock valued at $686,000 after acquiring an additional 1,381 shares during the last quarter. Shilanski & Associates Inc. lifted its stake in shares of VanEck BDC Income ETF by 0.7% in the 4th quarter. Shilanski & Associates Inc. now owns 204,878 shares of the company’s stock valued at $3,286,000 after purchasing an additional 1,511 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in VanEck BDC Income ETF by 10.7% in the fourth quarter. Arkadios Wealth Advisors now owns 16,050 shares of the company’s stock valued at $257,000 after buying an additional 1,550 shares during the period.

VanEck BDC Income ETF Price Performance

NYSEARCA BIZD traded up $0.08 during trading hours on Thursday, hitting $17.11. The company had a trading volume of 219,051 shares, compared to its average volume of 603,247. VanEck BDC Income ETF has a fifty-two week low of $14.60 and a fifty-two week high of $17.43. The firm’s 50 day moving average is $16.95 and its 200 day moving average is $16.55. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.42 and a beta of 0.58.

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.