Touchstone Capital Inc. Takes $15.50 Million Position in VanEck BDC Income ETF $BIZD

Touchstone Capital Inc. acquired a new position in VanEck BDC Income ETF (NYSEARCA:BIZD) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,037,143 shares of the company’s stock, valued at approximately $15,495,000. VanEck BDC Income ETF accounts for approximately 7.9% of Touchstone Capital Inc.’s investment portfolio, making the stock its 3rd largest holding.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of VanEck BDC Income ETF during the 2nd quarter valued at about $25,000. Group One Trading LLC boosted 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 worth $33,000 after purchasing an additional 1,610 shares during the period. Geneos Wealth Management Inc. acquired a new position in VanEck BDC Income ETF during the third quarter valued at approximately $45,000. Sherman Asset Management Inc. bought a new position in shares of VanEck BDC Income ETF in the second quarter valued at approximately $57,000. Finally, Private Trust Co. NA lifted its stake in shares of VanEck BDC Income ETF by 274.1% in the second quarter. Private Trust Co. NA now owns 4,373 shares of the company’s stock worth $71,000 after buying an additional 3,204 shares during the last quarter.

VanEck BDC Income ETF Price Performance

Shares of BIZD opened at $14.23 on Wednesday. The company has a market capitalization of $1.61 billion, a PE ratio of 11.32 and a beta of 0.82. VanEck BDC Income ETF has a one year low of $13.44 and a one year high of $17.86. The company’s fifty day moving average price is $14.39 and its 200 day moving average price is $15.11.

VanEck BDC Income ETF 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.