VanEck BDC Income ETF (NYSEARCA:BIZD) Hits New 12-Month Low – Here’s Why

VanEck BDC Income ETF (NYSEARCA:BIZDGet Free Report)’s share price reached a new 52-week low on Thursday . The stock traded as low as $12.06 and last traded at $12.11, with a volume of 4962997 shares. The stock had previously closed at $12.80.

VanEck BDC Income ETF Price Performance

The company has a 50-day moving average price of $13.20 and a 200-day moving average price of $14.02. The firm has a market capitalization of $1.37 billion, a PE ratio of 11.32 and a beta of 0.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIZD. Royal Bank of Canada boosted its stake in shares of VanEck BDC Income ETF by 19.1% during the 1st quarter. Royal Bank of Canada now owns 466,339 shares of the company’s stock worth $7,816,000 after purchasing an additional 74,858 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of VanEck BDC Income ETF by 297.3% in the first quarter. Goldman Sachs Group Inc. now owns 51,427 shares of the company’s stock valued at $862,000 after buying an additional 38,483 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of VanEck BDC Income ETF during the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck BDC Income ETF by 58.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,748 shares of the company’s stock valued at $419,000 after buying an additional 9,498 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new stake in VanEck BDC Income ETF during the second quarter worth approximately $2,247,000.

About VanEck BDC Income ETF

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for VanEck BDC Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck BDC Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.