Maridea Wealth Management LLC Takes Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Maridea Wealth Management LLC purchased a new position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 28,525 shares of the company’s stock, valued at approximately $474,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC increased its stake in shares of VanEck BDC Income ETF by 2.9% in the 4th quarter. Bleakley Financial Group LLC now owns 20,941 shares of the company’s stock valued at $348,000 after buying an additional 587 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in VanEck BDC Income ETF by 0.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 86,313 shares of the company’s stock valued at $1,435,000 after acquiring an additional 707 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in VanEck BDC Income ETF by 1.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,710 shares of the company’s stock worth $710,000 after purchasing an additional 724 shares during the period. MGB Wealth Management LLC raised its holdings in VanEck BDC Income ETF by 11.0% during the 4th quarter. MGB Wealth Management LLC now owns 7,493 shares of the company’s stock worth $125,000 after purchasing an additional 743 shares during the last quarter. Finally, Endowment Wealth Management Inc. lifted its position in VanEck BDC Income ETF by 5.0% during the 4th quarter. Endowment Wealth Management Inc. now owns 23,055 shares of the company’s stock valued at $383,000 after purchasing an additional 1,090 shares during the period.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA:BIZD opened at $16.86 on Friday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 9.76 and a beta of 1.10. The company has a 50 day moving average of $17.18 and a 200-day moving average of $16.74. VanEck BDC Income ETF has a one year low of $15.18 and a one year high of $17.86.

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.