Independent Advisor Alliance Makes New $210,000 Investment in VanEck BDC Income ETF (NYSEARCA:BIZD)

Independent Advisor Alliance bought a new stake in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the 4th quarter, Holdings Channel reports. The fund bought 12,630 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oppenheimer & Co. Inc. grew its stake in VanEck BDC Income ETF by 24.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,124 shares of the company’s stock valued at $284,000 after purchasing an additional 3,316 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its position in shares of VanEck BDC Income ETF by 46.3% during the third quarter. Stonebridge Financial Planning Group LLC now owns 43,539 shares of the company’s stock worth $721,000 after buying an additional 13,785 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of VanEck BDC Income ETF by 7.6% in the third quarter. Larson Financial Group LLC now owns 15,744 shares of the company’s stock worth $261,000 after buying an additional 1,115 shares during the last quarter. Townsquare Capital LLC raised its holdings in VanEck BDC Income ETF by 9.5% in the third quarter. Townsquare Capital LLC now owns 238,648 shares of the company’s stock valued at $3,952,000 after acquiring an additional 20,777 shares in the last quarter. Finally, Cynosure Group LLC raised its holdings in VanEck BDC Income ETF by 40.2% in the third quarter. Cynosure Group LLC now owns 112,966 shares of the company’s stock valued at $1,871,000 after acquiring an additional 32,406 shares in the last quarter.

VanEck BDC Income ETF Price Performance

Shares of BIZD stock opened at $16.74 on Thursday. The firm has a fifty day moving average of $17.15 and a two-hundred day moving average of $16.71. The firm has a market cap of $1.48 billion, a P/E ratio of 9.76 and a beta of 1.10. VanEck BDC Income ETF has a 1-year low of $15.18 and a 1-year high of $17.86.

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.