Cambridge Associates LLC MA ADV Increases Stock Holdings in VanEck BDC Income ETF $BIZD

Cambridge Associates LLC MA ADV boosted its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 279.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,747,956 shares of the company’s stock after buying an additional 1,286,774 shares during the quarter. VanEck BDC Income ETF accounts for 0.4% of Cambridge Associates LLC MA ADV’s investment portfolio, making the stock its 27th largest position. Cambridge Associates LLC MA ADV owned approximately 1.54% of VanEck BDC Income ETF worth $24,786,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in VanEck BDC Income ETF during the 2nd quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new stake in VanEck BDC Income ETF during the 4th quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in VanEck BDC Income ETF during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in VanEck BDC Income ETF during the 3rd quarter worth approximately $32,000. Finally, Group One Trading LLC lifted its holdings in VanEck BDC Income ETF by 402.5% during the 2nd 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 in the last quarter.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA BIZD opened at $12.62 on Wednesday. The stock’s 50-day moving average is $12.69 and its two-hundred day moving average is $13.38. VanEck BDC Income ETF has a 1-year low of $11.97 and a 1-year high of $16.95. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64.

About VanEck BDC Income ETF

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.