VanEck BDC Income ETF (NYSEARCA:BIZD) Sees Strong Trading Volume – Should You Buy?

Shares of VanEck BDC Income ETF (NYSEARCA:BIZD) saw strong trading volume on Friday . 1,496,851 shares traded hands during trading, an increase of 102% from the previous session’s volume of 742,683 shares.The stock last traded at $15.06 and had previously closed at $16.08.

VanEck BDC Income ETF Trading Down 7.4 %

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 9.80 and a beta of 0.85. The firm has a fifty day simple moving average of $17.07 and a 200 day simple moving average of $16.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in VanEck BDC Income ETF by 0.3% in the 4th quarter. Bank of America Corp DE now owns 2,523,508 shares of the company’s stock valued at $41,966,000 after buying an additional 8,305 shares during the period. LPL Financial LLC increased its stake in VanEck BDC Income ETF by 3.2% in the fourth quarter. LPL Financial LLC now owns 2,473,204 shares of the company’s stock valued at $41,129,000 after acquiring an additional 76,195 shares during the period. Wells Fargo & Company MN lifted its stake in VanEck BDC Income ETF by 46.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,974,956 shares of the company’s stock worth $32,844,000 after purchasing an additional 627,364 shares during the period. Condor Capital Management boosted its holdings in VanEck BDC Income ETF by 1.6% during the fourth quarter. Condor Capital Management now owns 1,006,325 shares of the company’s stock valued at $16,735,000 after purchasing an additional 15,501 shares in the last quarter. Finally, Mission Hills Financial Advisory LLC grew its stake in shares of VanEck BDC Income ETF by 9.8% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 805,097 shares of the company’s stock valued at $13,389,000 after purchasing an additional 71,942 shares during the period.

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.