Millennium Management LLC Grows Stake in VanEck BDC Income ETF (NYSEARCA:BIZD)

Millennium Management LLC increased its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 45.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,240,908 shares of the company’s stock after acquiring an additional 385,244 shares during the quarter. Millennium Management LLC’s holdings in VanEck BDC Income ETF were worth $21,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creekmur Asset Management LLC purchased a new stake in VanEck BDC Income ETF in the 4th quarter valued at $150,000. Howard Wealth Management LLC purchased a new stake in shares of VanEck BDC Income ETF in the first quarter valued at about $171,000. J.W. Cole Advisors Inc. acquired a new stake in shares of VanEck BDC Income ETF during the first quarter worth about $211,000. OLD National Bancorp IN purchased a new position in shares of VanEck BDC Income ETF during the second quarter worth about $218,000. Finally, Seaview Investment Managers LLC purchased a new position in shares of VanEck BDC Income ETF during the second quarter worth about $236,000.

VanEck BDC Income ETF Stock Up 0.7 %

BIZD opened at $16.23 on Friday. VanEck BDC Income ETF has a 52 week low of $14.60 and a 52 week high of $17.43. The business has a 50 day moving average price of $16.23 and a two-hundred day moving average price of $16.61. The company has a market cap of $1.05 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.