VanEck BDC Income ETF (NYSEARCA:BIZD) Sees Strong Trading Volume – What’s Next?

VanEck BDC Income ETF (NYSEARCA:BIZD) shares saw unusually-high trading volume on Friday . Approximately 1,496,851 shares changed hands during mid-day 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 firm’s 50-day simple moving average is $17.07 and its two-hundred day simple moving average is $16.74. The stock has a market capitalization of $1.32 billion, a PE ratio of 9.80 and a beta of 0.85.

Institutional Trading of VanEck BDC Income ETF

Several institutional investors have recently made changes to their positions in BIZD. Bank of America Corp DE increased its position 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 worth $41,966,000 after purchasing an additional 8,305 shares during the last quarter. LPL Financial LLC increased its stake in shares of 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 worth $41,129,000 after purchasing an additional 76,195 shares during the period. Wells Fargo & Company MN increased its position in VanEck BDC Income ETF by 46.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,974,956 shares of the company’s stock worth $32,844,000 after buying an additional 627,364 shares during the period. Condor Capital Management lifted its holdings in shares of 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 worth $16,735,000 after buying an additional 15,501 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC boosted its position in shares of VanEck BDC Income ETF by 9.8% in the fourth 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.

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.