VanEck BDC Income ETF $BIZD Shares Purchased by Gibbs Wealth Management

Gibbs Wealth Management raised its holdings in VanEck BDC Income ETF (NYSEARCA:BIZD) by 95.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,606 shares of the company’s stock after purchasing an additional 65,100 shares during the period. Gibbs Wealth Management owned about 0.11% of VanEck BDC Income ETF worth $1,710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of VanEck BDC Income ETF by 173.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,781 shares of the company’s stock worth $972,000 after buying an additional 42,970 shares during the period. Mission Hills Financial Advisory LLC grew its stake in shares of VanEck BDC Income ETF by 8.0% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 1,212,252 shares of the company’s stock worth $17,190,000 after purchasing an additional 90,088 shares in the last quarter. CWM LLC increased its holdings in shares of VanEck BDC Income ETF by 1,242.7% during the fourth quarter. CWM LLC now owns 367,950 shares of the company’s stock valued at $5,218,000 after purchasing an additional 340,546 shares during the period. Garner Asset Management Corp bought a new stake in shares of VanEck BDC Income ETF during the fourth quarter valued at about $688,000. Finally, Baker Avenue Asset Management LP raised its stake in shares of VanEck BDC Income ETF by 558.5% during the fourth quarter. Baker Avenue Asset Management LP now owns 115,140 shares of the company’s stock valued at $1,633,000 after purchasing an additional 97,654 shares in the last quarter.

VanEck BDC Income ETF Stock Down 1.3%

Shares of BIZD opened at $12.30 on Friday. The firm has a 50-day moving average price of $12.51 and a 200 day moving average price of $12.98. The firm has a market capitalization of $1.58 billion, a PE 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 $16.78.

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.