Cascade Investment Group Inc. Acquires New Stake in VanEck BDC Income ETF $BIZD

Cascade Investment Group Inc. acquired a new position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 129,950 shares of the company’s stock, valued at approximately $1,675,000. VanEck BDC Income ETF makes up 0.9% of Cascade Investment Group Inc.’s holdings, making the stock its 23rd largest position. Cascade Investment Group Inc. owned about 0.11% of VanEck BDC Income ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BIZD. Quantum Portfolio Management LLC acquired a new position in shares of VanEck BDC Income ETF in the 1st quarter worth approximately $42,000. Bank of America Corp DE grew its position in VanEck BDC Income ETF by 30.8% during the 1st quarter. Bank of America Corp DE now owns 7,624,033 shares of the company’s stock worth $97,588,000 after acquiring an additional 1,794,136 shares during the last quarter. Cambridge Associates LLC MA ADV increased its holdings in VanEck BDC Income ETF by 279.0% during the 4th quarter. Cambridge Associates LLC MA ADV now owns 1,747,956 shares of the company’s stock valued at $24,786,000 after purchasing an additional 1,286,774 shares in the last quarter. Independent Financial Group LLC acquired a new stake in VanEck BDC Income ETF during the 1st quarter valued at $13,576,000. Finally, Market Street Wealth Management Advisors LLC acquired a new stake in VanEck BDC Income ETF during the 3rd quarter valued at $7,790,000.

VanEck BDC Income ETF Stock Down 0.8%

BIZD traded down $0.10 during trading on Tuesday, hitting $12.00. The company’s stock had a trading volume of 758,463 shares, compared to its average volume of 3,321,147. The firm’s 50 day moving average price is $13.03 and its two-hundred day moving average price is $12.75. VanEck BDC Income ETF has a 12 month low of $11.90 and a 12 month high of $15.12. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.32 and a beta of 0.67.

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.