Guidance Capital Inc. Has $1.36 Million Stock Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Guidance Capital Inc. cut its stake in VanEck BDC Income ETF (NYSEARCA:BIZD) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,728 shares of the company’s stock after selling 12,369 shares during the period. Guidance Capital Inc. owned about 0.12% of VanEck BDC Income ETF worth $1,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BIZD. AlphaMark Advisors LLC grew its stake in VanEck BDC Income ETF by 229.5% during the fourth quarter. AlphaMark Advisors LLC now owns 2,175 shares of the company’s stock worth $36,000 after buying an additional 1,515 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in VanEck BDC Income ETF during the 4th quarter worth approximately $57,000. Sound Income Strategies LLC grew its position in VanEck BDC Income ETF by 12.9% during the 3rd quarter. Sound Income Strategies LLC now owns 8,261 shares of the company’s stock worth $137,000 after acquiring an additional 947 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck BDC Income ETF by 31.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,058 shares of the company’s stock valued at $172,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Truist Financial Corp bought a new position in VanEck BDC Income ETF in the 2nd quarter valued at $248,000.

VanEck BDC Income ETF Stock Performance

Shares of BIZD stock opened at $17.49 on Wednesday. The stock’s fifty day moving average is $16.86 and its 200-day moving average is $16.50. VanEck BDC Income ETF has a 52 week low of $15.18 and a 52 week high of $17.53. The stock has a market capitalization of $1.13 billion, a PE ratio of 18.42 and a beta of 0.58.

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.