Raymond James Financial Services Advisors Inc. Reduces Stock Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Raymond James Financial Services Advisors Inc. cut its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,791 shares of the company’s stock after selling 9,251 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.18% of VanEck BDC Income ETF worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BIZD. Raymond James & Associates lifted its stake in VanEck BDC Income ETF by 52.2% in the 1st quarter. Raymond James & Associates now owns 17,075 shares of the company’s stock worth $306,000 after purchasing an additional 5,858 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in VanEck BDC Income ETF by 61.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,218 shares of the company’s stock worth $810,000 after purchasing an additional 17,143 shares in the last quarter. HighTower Advisors LLC raised its position in shares of VanEck BDC Income ETF by 2.3% during the 1st quarter. HighTower Advisors LLC now owns 56,449 shares of the company’s stock valued at $1,012,000 after buying an additional 1,276 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of VanEck BDC Income ETF by 600.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 35,000 shares of the company’s stock valued at $627,000 after buying an additional 30,000 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of VanEck BDC Income ETF during the 1st quarter valued at $500,000.

VanEck BDC Income ETF Stock Performance

VanEck BDC Income ETF stock opened at $16.22 on Friday. The firm’s fifty day moving average price is $16.34 and its 200-day moving average price is $16.02. The stock has a market cap of $684.00 million, a P/E ratio of 10.91 and a beta of 1.21. VanEck BDC Income ETF has a fifty-two week low of $13.76 and a fifty-two week high of $16.94.

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.