HighTower Advisors LLC Raises Holdings in VanEck BDC Income ETF (NYSEARCA:BIZD)

HighTower Advisors LLC boosted its stake in VanEck BDC Income ETF (NYSEARCA:BIZD) by 47.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,947 shares of the company’s stock after purchasing an additional 30,481 shares during the period. HighTower Advisors LLC owned about 0.15% of VanEck BDC Income ETF worth $1,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Milestone Asset Management LLC increased its stake in shares of VanEck BDC Income ETF by 6.3% in the second quarter. Milestone Asset Management LLC now owns 19,325 shares of the company’s stock worth $331,000 after buying an additional 1,144 shares during the period. Concourse Financial Group Securities Inc. increased its position in shares of VanEck BDC Income ETF by 0.8% in the second quarter. Concourse Financial Group Securities Inc. now owns 81,259 shares of the company’s stock valued at $1,390,000 after acquiring an additional 640 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of VanEck BDC Income ETF by 12.3% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 46,907 shares of the company’s stock valued at $803,000 after acquiring an additional 5,138 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of VanEck BDC Income ETF by 120.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 79,647 shares of the company’s stock worth $1,363,000 after purchasing an additional 43,508 shares during the period. Finally, Harbour Investments Inc. grew its stake in shares of VanEck BDC Income ETF by 9.7% in the second quarter. Harbour Investments Inc. now owns 28,052 shares of the company’s stock worth $480,000 after purchasing an additional 2,483 shares during the last quarter.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA:BIZD opened at $16.84 on Monday. The stock’s 50-day moving average is $16.49 and its 200 day moving average is $16.54. The company has a market cap of $1.09 billion, a PE ratio of 18.42 and a beta of 0.58. VanEck BDC Income ETF has a 1 year low of $15.18 and a 1 year high of $17.43.

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.