VanEck BDC Income ETF (NYSEARCA:BIZD) Reaches New 1-Year Low – Time to Sell?

VanEck BDC Income ETF (NYSEARCA:BIZD) shares hit a new 52-week low on Saturday . The stock traded as low as $14.83 and last traded at $14.89, with a volume of 4500552 shares trading hands. The stock had previously closed at $16.08.

VanEck BDC Income ETF Price Performance

The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.80 and a beta of 0.85. The stock’s 50 day simple moving average is $17.07 and its 200-day simple moving average is $16.74.

Hedge Funds Weigh In On VanEck BDC Income ETF

Several institutional investors have recently bought and sold shares of BIZD. Beacon Financial Advisory LLC raised its position in shares of VanEck BDC Income ETF by 11.9% in the fourth quarter. Beacon Financial Advisory LLC now owns 20,632 shares of the company’s stock valued at $343,000 after purchasing an additional 2,195 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at about $301,000. Commonwealth Equity Services LLC increased its stake in shares of VanEck BDC Income ETF by 5.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 340,472 shares of the company’s stock worth $5,662,000 after purchasing an additional 16,823 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of VanEck BDC Income ETF by 5.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 304,934 shares of the company’s stock worth $5,071,000 after purchasing an additional 15,949 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in VanEck BDC Income ETF by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 94,947 shares of the company’s stock valued at $1,574,000 after purchasing an additional 30,481 shares during the period.

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.