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

VanEck BDC Income ETF (NYSEARCA:BIZD)’s stock price hit a new 52-week low on Monday. The company traded as low as $11.89 and last traded at $11.8440, with a volume of 156,522 shares. The stock had previously closed at $12.01.

VanEck BDC Income ETF Stock Up 0.1%

The company’s 50-day moving average is $12.89 and its two-hundred day moving average is $12.73. The company has a market cap of $1.40 billion, a P/E ratio of 11.32 and a beta of 0.67.

Hedge Funds Weigh In On VanEck BDC Income ETF

A number of large investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in shares of VanEck BDC Income ETF in the 1st quarter worth approximately $35,000. Quantum Portfolio Management LLC bought a new position in shares of VanEck BDC Income ETF during the 1st quarter valued at $42,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,750 shares during the last quarter. Legacy Wealth Managment LLC ID bought a new position in shares of VanEck BDC Income ETF during the 1st quarter valued at $138,000. Finally, Mather Group LLC. purchased a new position in VanEck BDC Income ETF in the 3rd quarter worth $174,000.

About VanEck BDC Income ETF

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.