Centaurus Financial Inc. Cuts Stock Position in VanEck BDC Income ETF $BIZD

Centaurus Financial Inc. cut its stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 41.8% in the third quarter, HoldingsChannel.com reports. The fund owned 123,552 shares of the company’s stock after selling 88,770 shares during the period. Centaurus Financial Inc.’s holdings in VanEck BDC Income ETF were worth $1,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Generali Asset Management SPA SGR acquired a new stake in shares of VanEck BDC Income ETF in the third quarter valued at about $32,868,000. Bank of America Corp DE raised its position in shares of VanEck BDC Income ETF by 62.6% during the 2nd quarter. Bank of America Corp DE now owns 5,295,265 shares of the company’s stock worth $86,207,000 after purchasing an additional 2,038,234 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of VanEck BDC Income ETF during the 3rd quarter worth about $15,845,000. Touchstone Capital Inc. purchased a new position in VanEck BDC Income ETF in the 3rd quarter valued at about $15,495,000. Finally, Orion Porfolio Solutions LLC lifted its stake in VanEck BDC Income ETF by 546.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 635,803 shares of the company’s stock valued at $10,351,000 after buying an additional 537,476 shares in the last quarter.

VanEck BDC Income ETF Trading Down 0.4%

BIZD stock opened at $12.90 on Thursday. VanEck BDC Income ETF has a 12-month low of $12.40 and a 12-month high of $17.10. The business’s 50-day moving average is $13.56 and its 200 day moving average is $14.25. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 11.32 and a beta of 0.82.

VanEck BDC Income ETF 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.