VanEck BDC Income ETF (NYSEARCA:BIZD) Sets New 52-Week Low – Time to Sell?
by Michael Walen · The Markets DailyShares of VanEck BDC Income ETF (NYSEARCA:BIZD – Get Free Report) hit a new 52-week low during mid-day trading 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 stock has a 50-day simple moving average of $13.12 and a 200 day simple moving average of $13.99. The company has a market capitalization of $1.40 billion, a PE ratio of 11.32 and a beta of 0.82.
Institutional Investors Weigh In On VanEck BDC Income ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new stake in VanEck BDC Income ETF in the 2nd quarter valued at about $25,000. Motiv8 Investments LLC purchased a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at about $26,000. Ameriflex Group Inc. acquired a new stake in shares of VanEck BDC Income ETF in the third quarter valued at approximately $32,000. Finally, Group One Trading LLC grew 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 valued at $33,000 after purchasing an additional 1,610 shares during the last quarter.
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.