Financial Management Network Inc. Purchases 1,413 Shares of VanEck BDC Income ETF (NYSEARCA:BIZD)

Financial Management Network Inc. grew its stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 160,822 shares of the company’s stock after acquiring an additional 1,413 shares during the quarter. Financial Management Network Inc.’s holdings in VanEck BDC Income ETF were worth $2,694,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Mission Hills Financial Advisory LLC lifted its position in shares of VanEck BDC Income ETF by 9.8% during the 4th quarter. Mission Hills Financial Advisory LLC now owns 805,097 shares of the company’s stock valued at $13,389,000 after acquiring an additional 71,942 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of VanEck BDC Income ETF by 26.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 340,545 shares of the company’s stock valued at $5,663,000 after acquiring an additional 71,401 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of VanEck BDC Income ETF by 5.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 304,934 shares of the company’s stock valued at $5,071,000 after acquiring an additional 15,949 shares during the period. Townsquare Capital LLC lifted its position in shares of VanEck BDC Income ETF by 9.5% during the 3rd quarter. Townsquare Capital LLC now owns 238,648 shares of the company’s stock valued at $3,952,000 after acquiring an additional 20,777 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of VanEck BDC Income ETF by 88.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 207,488 shares of the company’s stock valued at $3,451,000 after acquiring an additional 97,477 shares during the period.

VanEck BDC Income ETF Stock Performance

NYSEARCA:BIZD opened at $17.76 on Wednesday. The stock has a fifty day moving average price of $16.97 and a 200-day moving average price of $16.55. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 18.42 and a beta of 0.58. VanEck BDC Income ETF has a fifty-two week low of $15.18 and a fifty-two week high of $17.76.

VanEck BDC Income ETF 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.