Cambridge Associates LLC MA ADV Boosts Stake in VanEck BDC Income ETF $BIZD

Cambridge Associates LLC MA ADV lifted its position in VanEck BDC Income ETF (NYSEARCA:BIZD) by 38.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,424,628 shares of the company’s stock after acquiring an additional 676,672 shares during the period. VanEck BDC Income ETF accounts for about 0.5% of Cambridge Associates LLC MA ADV’s investment portfolio, making the stock its 23rd largest holding. Cambridge Associates LLC MA ADV’s holdings in VanEck BDC Income ETF were worth $31,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in VanEck BDC Income ETF by 19.1% in the first quarter. Royal Bank of Canada now owns 466,339 shares of the company’s stock worth $7,816,000 after purchasing an additional 74,858 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of VanEck BDC Income ETF by 297.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,427 shares of the company’s stock valued at $862,000 after buying an additional 38,483 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of VanEck BDC Income ETF in the 2nd quarter worth about $25,000. NewEdge Advisors LLC grew its position in shares of VanEck BDC Income ETF by 104.2% in the 2nd quarter. NewEdge Advisors LLC now owns 380,160 shares of the company’s stock worth $6,189,000 after buying an additional 193,958 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of VanEck BDC Income ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 422,682 shares of the company’s stock worth $6,881,000 after buying an additional 7,666 shares during the period.

VanEck BDC Income ETF Price Performance

Shares of VanEck BDC Income ETF stock opened at $12.46 on Thursday. VanEck BDC Income ETF has a 1 year low of $11.97 and a 1 year high of $16.78. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64. The company has a 50-day moving average of $12.52 and a 200 day moving average of $12.99.

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.