IFP Advisors Inc Trims Holdings in VanEck BDC Income ETF $BIZD

IFP Advisors Inc lowered its stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 91.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,066 shares of the company’s stock after selling 50,957 shares during the quarter. IFP Advisors Inc’s holdings in VanEck BDC Income ETF were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beacon Pointe Advisors LLC acquired a new position in VanEck BDC Income ETF during the 2nd quarter worth $2,247,000. Touchstone Capital Inc. acquired a new stake in shares of VanEck BDC Income ETF in the 3rd quarter valued at about $15,495,000. Mission Hills Financial Advisory LLC raised its stake in shares of VanEck BDC Income ETF by 12.3% in the 3rd quarter. Mission Hills Financial Advisory LLC now owns 1,122,164 shares of the company’s stock valued at $16,765,000 after purchasing an additional 122,931 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of VanEck BDC Income ETF during the third quarter worth about $3,444,000. Finally, WMG Financial Advisors LLC lifted its position in shares of VanEck BDC Income ETF by 192.3% during the third quarter. WMG Financial Advisors LLC now owns 79,950 shares of the company’s stock worth $1,194,000 after purchasing an additional 52,600 shares during the last quarter.

VanEck BDC Income ETF Stock Up 2.3%

Shares of VanEck BDC Income ETF stock opened at $12.80 on Wednesday. The firm has a market cap of $1.45 billion, a P/E ratio of 11.32 and a beta of 0.82. VanEck BDC Income ETF has a fifty-two week low of $12.32 and a fifty-two week high of $16.95. The business has a 50-day moving average price of $13.25 and a 200 day moving average price of $14.03.

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.