Investment Partners Asset Management Inc. Sells 2,000 Shares of VanEck BDC Income ETF (NYSEARCA:BIZD)

Investment Partners Asset Management Inc. lowered its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,562 shares of the company’s stock after selling 2,000 shares during the period. VanEck BDC Income ETF comprises about 1.5% of Investment Partners Asset Management Inc.’s portfolio, making the stock its 11th biggest position. Investment Partners Asset Management Inc. owned about 0.24% of VanEck BDC Income ETF worth $1,716,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of VanEck BDC Income ETF by 79.7% in the third quarter. HighTower Advisors LLC now owns 55,650 shares of the company’s stock worth $891,000 after purchasing an additional 24,684 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of VanEck BDC Income ETF by 12.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 47,646 shares of the company’s stock worth $764,000 after acquiring an additional 5,289 shares during the last quarter. LPL Financial LLC lifted its position in VanEck BDC Income ETF by 4.6% in the 3rd quarter. LPL Financial LLC now owns 2,171,601 shares of the company’s stock valued at $34,811,000 after acquiring an additional 95,009 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of VanEck BDC Income ETF in the third quarter worth approximately $113,000. Finally, Samalin Investment Counsel LLC raised its position in VanEck BDC Income ETF by 15.9% in the 3rd quarter. Samalin Investment Counsel LLC now owns 67,341 shares of the company’s stock valued at $1,079,000 after buying an additional 9,251 shares during the last quarter.

VanEck BDC Income ETF Price Performance

Shares of BIZD stock traded up $0.08 on Thursday, hitting $17.11. The stock had a trading volume of 219,051 shares, compared to its average volume of 603,247. VanEck BDC Income ETF has a 12-month low of $14.60 and a 12-month high of $17.43. The business has a 50 day moving average of $16.95 and a 200 day moving average of $16.55. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 18.42 and a beta of 0.58.

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.