138,018 Shares in VanEck BDC Income ETF $BIZD Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC purchased a new position in VanEck BDC Income ETF (NYSEARCA:BIZD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 138,018 shares of the company’s stock, valued at approximately $2,247,000. Beacon Pointe Advisors LLC owned approximately 0.13% of VanEck BDC Income ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BIZD. Kestra Advisory Services LLC grew its stake in VanEck BDC Income ETF by 790.2% during the first quarter. Kestra Advisory Services LLC now owns 471,298 shares of the company’s stock valued at $7,899,000 after acquiring an additional 418,356 shares in the last quarter. Naviter Wealth LLC lifted its stake in VanEck BDC Income ETF by 464.8% in the 2nd quarter. Naviter Wealth LLC now owns 337,401 shares of the company’s stock worth $5,493,000 after purchasing an additional 277,663 shares in the last quarter. Mission Hills Financial Advisory LLC boosted its holdings in shares of VanEck BDC Income ETF by 15.4% during the 2nd quarter. Mission Hills Financial Advisory LLC now owns 999,233 shares of the company’s stock valued at $16,268,000 after purchasing an additional 133,636 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of VanEck BDC Income ETF during the 1st quarter valued at about $2,218,000. Finally, Park Avenue Securities LLC purchased a new position in shares of VanEck BDC Income ETF during the second quarter valued at about $2,005,000.

VanEck BDC Income ETF Trading Up 0.6%

Shares of BIZD stock opened at $14.87 on Friday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 11.32 and a beta of 0.82. VanEck BDC Income ETF has a 12-month low of $13.44 and a 12-month high of $17.86. The stock’s 50-day moving average price is $14.28 and its 200-day moving average price is $15.44.

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.