Raymond James Financial Inc. Acquires New Shares in VanEck BDC Income ETF (NYSEARCA:BIZD)

Raymond James Financial Inc. acquired a new position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 332,663 shares of the company’s stock, valued at approximately $5,532,000.

Several other large investors have also recently added to or reduced their stakes in BIZD. Cullen Frost Bankers Inc. acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp bought a new position in VanEck BDC Income ETF in the 4th quarter worth approximately $31,000. AlphaMark Advisors LLC increased its position in VanEck BDC Income ETF by 229.5% in the 4th quarter. AlphaMark Advisors LLC now owns 2,175 shares of the company’s stock valued at $36,000 after acquiring an additional 1,515 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in VanEck BDC Income ETF in the 4th quarter valued at approximately $57,000. Finally, Centricity Wealth Management LLC bought a new stake in VanEck BDC Income ETF during the 4th quarter valued at $102,000.

VanEck BDC Income ETF Stock Performance

Shares of BIZD stock opened at $16.96 on Tuesday. The firm has a market capitalization of $1.50 billion, a PE 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. The stock has a fifty day moving average of $17.17 and a two-hundred day moving average of $16.73.

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.