Principal Securities Inc. Sells 815 Shares of VanEck BDC Income ETF (NYSEARCA:BIZD)

Principal Securities Inc. reduced its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,294 shares of the company’s stock after selling 815 shares during the quarter. Principal Securities Inc.’s holdings in VanEck BDC Income ETF were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Mission Hills Financial Advisory LLC grew its stake in shares of VanEck BDC Income ETF by 9.8% during the 4th quarter. Mission Hills Financial Advisory LLC now owns 805,097 shares of the company’s stock valued at $13,389,000 after acquiring an additional 71,942 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of VanEck BDC Income ETF by 26.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 340,545 shares of the company’s stock valued at $5,663,000 after acquiring an additional 71,401 shares during the period. Stratos Wealth Partners LTD. grew its stake 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 valued at $5,071,000 after acquiring an additional 15,949 shares during the period. Townsquare Capital LLC grew its stake in shares of VanEck BDC Income ETF by 9.5% during the 3rd quarter. Townsquare Capital LLC now owns 238,648 shares of the company’s stock valued at $3,952,000 after acquiring an additional 20,777 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of VanEck BDC Income ETF by 88.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 207,488 shares of the company’s stock valued at $3,451,000 after acquiring an additional 97,477 shares during the period.

VanEck BDC Income ETF Price Performance

BIZD stock opened at $17.68 on Monday. VanEck BDC Income ETF has a 1-year low of $15.18 and a 1-year high of $17.86. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 18.42 and a beta of 0.58. The business has a 50 day simple moving average of $17.05 and a two-hundred day simple moving average of $16.60.

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.