Park Avenue Securities LLC Sells 61,618 Shares of VanEck BDC Income ETF $BIZD

Park Avenue Securities LLC lowered its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 62.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,509 shares of the company’s stock after selling 61,618 shares during the quarter. Park Avenue Securities LLC’s holdings in VanEck BDC Income ETF were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in VanEck BDC Income ETF in the second quarter worth $25,000. Ameriflex Group Inc. bought a new position in VanEck BDC Income ETF during the third quarter valued at about $32,000. Group One Trading LLC lifted its position in shares of VanEck BDC Income ETF by 402.5% in the second quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock worth $33,000 after buying an additional 1,610 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of VanEck BDC Income ETF in the third quarter worth about $45,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of VanEck BDC Income ETF during the 3rd quarter worth about $49,000.

VanEck BDC Income ETF Stock Performance

Shares of NYSEARCA BIZD opened at $12.38 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 11.32 and a beta of 0.82. The business’s 50-day simple moving average is $13.32 and its 200-day simple moving average is $14.09. VanEck BDC Income ETF has a 52 week low of $12.32 and a 52 week high of $17.10.

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.