Kestra Advisory Services LLC Sells 75,414 Shares of VanEck BDC Income ETF $BIZD

Kestra Advisory Services LLC lowered its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 29.7% in the first quarter, HoldingsChannel.com reports. The fund owned 178,924 shares of the company’s stock after selling 75,414 shares during the quarter. Kestra Advisory Services LLC’s holdings in VanEck BDC Income ETF were worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantum Portfolio Management LLC acquired a new position in shares of VanEck BDC Income ETF during the 1st quarter worth about $42,000. Wells Fargo & Company MN raised its holdings in shares of VanEck BDC Income ETF by 126.1% in the 4th quarter. Wells Fargo & Company MN now owns 4,413,105 shares of the company’s stock valued at $62,578,000 after purchasing an additional 2,460,983 shares during the period. Bank of America Corp DE raised its holdings in shares of VanEck BDC Income ETF by 62.6% in the 2nd quarter. Bank of America Corp DE now owns 5,295,265 shares of the company’s stock valued at $86,207,000 after purchasing an additional 2,038,234 shares during the period. Cambridge Associates LLC MA ADV lifted its stake in VanEck BDC Income ETF by 279.0% in the 4th quarter. Cambridge Associates LLC MA ADV now owns 1,747,956 shares of the company’s stock valued at $24,786,000 after purchasing an additional 1,286,774 shares during the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in VanEck BDC Income ETF in the 4th quarter valued at about $15,428,000.

VanEck BDC Income ETF Stock Performance

VanEck BDC Income ETF stock opened at $12.72 on Monday. The stock has a 50-day simple moving average of $12.52 and a 200 day simple moving average of $13.03. The stock has a market capitalization of $1.63 billion, a P/E ratio of 11.32 and a beta of 0.64. VanEck BDC Income ETF has a 52 week low of $11.97 and a 52 week high of $16.95.

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.