VanEck BDC Income ETF (NYSEARCA:BIZD) Hits New 1-Year Low – What’s Next?

VanEck BDC Income ETF (NYSEARCA:BIZD) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.06 and last traded at $12.11, with a volume of 4962997 shares changing hands. The stock had previously closed at $12.80.

VanEck BDC Income ETF Price Performance

The company has a market cap of $1.37 billion, a PE ratio of 11.32 and a beta of 0.82. The company has a 50-day moving average of $13.20 and a 200 day moving average of $14.02.

Institutional Investors Weigh In On VanEck BDC Income ETF

Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of VanEck BDC Income ETF during the 2nd quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new stake in VanEck BDC Income ETF in the fourth quarter worth $25,000. Cary Street Partners Investment Advisory LLC purchased a new position in VanEck BDC Income ETF during the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new position in VanEck BDC Income ETF during the third quarter worth $32,000. Finally, Group One Trading LLC increased its position in VanEck BDC Income ETF by 402.5% during the second quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock valued at $33,000 after acquiring an additional 1,610 shares during the last quarter.

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.