VanEck BDC Income ETF (NYSEARCA:BIZD) Hits New 52-Week Low – Time to Sell?

VanEck BDC Income ETF (NYSEARCA:BIZD – Get Free Report) hit a new 52-week low during trading on Wednesday. The company traded as low as $11.90 and last traded at $11.9460, with a volume of 222313 shares trading hands. The stock had previously closed at $12.13.

VanEck BDC Income ETF Stock Performance

The firm has a 50 day moving average price of $13.05 and a two-hundred day moving average price of $12.76. The company has a market cap of $1.45 billion, a P/E ratio of 11.32 and a beta of 0.67.

Hedge Funds Weigh In On VanEck BDC Income ETF

Large investors have recently modified their holdings of the business. Western Wealth Management LLC purchased a new stake in shares of VanEck BDC Income ETF during the 1st quarter valued at approximately $35,000. Quantum Portfolio Management LLC bought a new stake in VanEck BDC Income ETF during the 1st quarter valued at $42,000. EverSource Wealth Advisors LLC raised its holdings in VanEck BDC Income ETF by 53.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,000 shares of the company’s stock valued at $64,000 after acquiring an additional 1,750 shares during the period. Legacy Wealth Managment LLC ID purchased a new stake in shares of VanEck BDC Income ETF during the first quarter worth $138,000. Finally, WNY Asset Management LLC purchased a new stake in shares of VanEck BDC Income ETF during the first quarter worth $196,000.

About VanEck BDC Income ETF

(Get Free Report)

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.

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