VanEck BDC Income ETF (NYSEARCA:BIZD) Reaches New 1-Year Low – Time to Sell?

VanEck BDC Income ETF (NYSEARCA:BIZD)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $13.41 and last traded at $13.4250, with a volume of 2456103 shares changing hands. The stock had previously closed at $13.76.

VanEck BDC Income ETF Trading Down 2.3%

The company has a market cap of $1.53 billion, a price-to-earnings ratio of 11.32 and a beta of 0.82. The company has a fifty day moving average price of $14.46 and a two-hundred day moving average price of $14.92.

Hedge Funds Weigh In On VanEck BDC Income ETF

A number of hedge funds have recently made changes to their positions in BIZD. Russell Investments Group Ltd. acquired a new stake in shares of VanEck BDC Income ETF during the 2nd quarter valued at about $25,000. Ameriflex Group Inc. bought a new position in VanEck BDC Income ETF during the third quarter worth about $32,000. Group One Trading LLC boosted its holdings 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 purchasing an additional 1,610 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of VanEck BDC Income ETF in the 3rd quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of VanEck BDC Income ETF in the 3rd quarter worth approximately $49,000.

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.