Janney Montgomery Scott LLC Lowers Position in VanEck BDC Income ETF $BIZD

Janney Montgomery Scott LLC lowered its holdings in VanEck BDC Income ETF (NYSEARCA:BIZD) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 187,613 shares of the company’s stock after selling 12,563 shares during the period. Janney Montgomery Scott LLC owned approximately 0.21% of VanEck BDC Income ETF worth $3,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of VanEck BDC Income ETF by 4.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 16,250 shares of the company’s stock valued at $272,000 after acquiring an additional 674 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in shares of VanEck BDC Income ETF by 3.9% in the 1st quarter. Beacon Financial Advisory LLC now owns 21,443 shares of the company’s stock valued at $359,000 after acquiring an additional 811 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of VanEck BDC Income ETF by 5.3% in the 1st quarter. Larson Financial Group LLC now owns 17,073 shares of the company’s stock valued at $286,000 after acquiring an additional 857 shares in the last quarter. First PREMIER Bank raised its holdings in shares of VanEck BDC Income ETF by 3.7% in the 1st quarter. First PREMIER Bank now owns 34,581 shares of the company’s stock valued at $579,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Maridea Wealth Management LLC raised its holdings in shares of VanEck BDC Income ETF by 4.4% in the 2nd quarter. Maridea Wealth Management LLC now owns 29,967 shares of the company’s stock valued at $488,000 after acquiring an additional 1,272 shares in the last quarter.

VanEck BDC Income ETF Stock Down 0.7%

NYSEARCA:BIZD opened at $14.05 on Thursday. The business’s 50-day moving average price is $15.60 and its two-hundred day moving average price is $15.79. VanEck BDC Income ETF has a twelve month low of $13.50 and a twelve month high of $17.86. The stock has a market cap of $1.50 billion, a P/E ratio of 11.32 and a beta of 1.21.

VanEck BDC Income ETF Company 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.