Sterling Investment Advisors Ltd. Trims Stake in VanEck BDC Income ETF $BIZD

Sterling Investment Advisors Ltd. decreased its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 14.3% during the second quarter, Holdings Channel reports. The fund owned 421,475 shares of the company’s stock after selling 70,100 shares during the period. Sterling Investment Advisors Ltd.’s holdings in VanEck BDC Income ETF were worth $5,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BIZD. Quantum Portfolio Management LLC purchased a new position in VanEck BDC Income ETF during the 1st quarter valued at about $42,000. Wells Fargo & Company MN boosted its position 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 worth $62,578,000 after purchasing an additional 2,460,983 shares in the last quarter. Bank of America Corp DE grew its stake 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 worth $86,207,000 after buying an additional 2,038,234 shares during the last quarter. Cambridge Associates LLC MA ADV grew its stake in shares of 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 worth $24,786,000 after buying an additional 1,286,774 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in VanEck BDC Income ETF during the 1st quarter valued at approximately $13,576,000.

VanEck BDC Income ETF Price Performance

BIZD opened at $13.14 on Wednesday. The firm has a market cap of $1.67 billion, a PE ratio of 11.32 and a beta of 0.65. The stock has a 50-day moving average price of $12.92 and a 200-day moving average price of $12.77. VanEck BDC Income ETF has a 1 year low of $11.97 and a 1 year high of $16.05.

About VanEck BDC Income ETF

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.