VanEck BDC Income ETF (NYSEARCA:BIZD) Hits New 52-Week High – Time to Buy?

VanEck BDC Income ETF (NYSEARCA:BIZD)’s share price reached a new 52-week high on Friday . The company traded as high as $17.54 and last traded at $17.58, with a volume of 123279 shares changing hands. The stock had previously closed at $17.46.

VanEck BDC Income ETF Trading Up 0.5 %

The firm has a market cap of $1.14 billion, a P/E ratio of 18.42 and a beta of 0.58. The business’s fifty day moving average price is $16.94 and its two-hundred day moving average price is $16.54.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. LPL Financial LLC boosted its position in shares of VanEck BDC Income ETF by 3.2% during the 4th quarter. LPL Financial LLC now owns 2,473,204 shares of the company’s stock valued at $41,129,000 after acquiring an additional 76,195 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of VanEck BDC Income ETF by 46.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,974,956 shares of the company’s stock worth $32,844,000 after purchasing an additional 627,364 shares in the last quarter. Condor Capital Management raised its stake in shares of VanEck BDC Income ETF by 1.6% during the fourth quarter. Condor Capital Management now owns 1,006,325 shares of the company’s stock worth $16,735,000 after buying an additional 15,501 shares during the last quarter. Mission Hills Financial Advisory LLC raised its stake in shares of VanEck BDC Income ETF by 9.8% during the fourth quarter. Mission Hills Financial Advisory LLC now owns 805,097 shares of the company’s stock worth $13,389,000 after buying an additional 71,942 shares during the last quarter. Finally, Haven Private LLC bought a new stake in VanEck BDC Income ETF in the fourth quarter valued at approximately $8,859,000.

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.