VanEck BDC Income ETF (NYSEARCA:BIZD) Shares Gap Down to $16.56

VanEck BDC Income ETF (NYSEARCA:BIZD) gapped down prior to trading on Tuesday . The stock had previously closed at $16.56, but opened at $16.15. VanEck BDC Income ETF shares last traded at $16.02, with a volume of 60,393 shares traded.

VanEck BDC Income ETF Price Performance

The company’s 50-day simple moving average is $16.28 and its two-hundred day simple moving average is $16.62. The firm has a market capitalization of $1.04 billion, a P/E ratio of 18.42 and a beta of 0.58.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BIZD. Mattson Financial Services LLC purchased a new stake in shares of VanEck BDC Income ETF during the second quarter worth about $46,000. Creekmur Asset Management LLC bought a new position in VanEck BDC Income ETF during the fourth quarter valued at approximately $150,000. Howard Wealth Management LLC bought a new stake in shares of VanEck BDC Income ETF in the 1st quarter valued at approximately $171,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck BDC Income ETF by 31.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,058 shares of the company’s stock valued at $172,000 after purchasing an additional 2,396 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of VanEck BDC Income ETF in the 1st quarter valued at approximately $211,000.

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.