Northwestern Mutual Wealth Management Co. Grows Stock Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Northwestern Mutual Wealth Management Co. grew its position in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 31.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,058 shares of the company’s stock after purchasing an additional 2,396 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in VanEck BDC Income ETF were worth $172,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Concourse Financial Group Securities Inc. grew its holdings in VanEck BDC Income ETF by 0.8% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 81,259 shares of the company’s stock valued at $1,390,000 after purchasing an additional 640 shares in the last quarter. Larson Financial Group LLC boosted its position in VanEck BDC Income ETF by 4.8% in the 2nd quarter. Larson Financial Group LLC now owns 14,629 shares of the company’s stock valued at $250,000 after buying an additional 674 shares during the last quarter. Register Financial Advisors LLC boosted its position in VanEck BDC Income ETF by 6.6% in the 1st quarter. Register Financial Advisors LLC now owns 14,630 shares of the company’s stock valued at $247,000 after buying an additional 900 shares during the last quarter. Shilanski & Associates Inc. grew its stake in shares of VanEck BDC Income ETF by 0.5% during the second quarter. Shilanski & Associates Inc. now owns 205,679 shares of the company’s stock valued at $3,519,000 after acquiring an additional 1,107 shares in the last quarter. Finally, Milestone Asset Management LLC increased its position in shares of VanEck BDC Income ETF by 6.3% during the second quarter. Milestone Asset Management LLC now owns 19,325 shares of the company’s stock worth $331,000 after acquiring an additional 1,144 shares during the last quarter.

VanEck BDC Income ETF Stock Performance

Shares of BIZD opened at $16.19 on Friday. VanEck BDC Income ETF has a one year low of $14.60 and a one year high of $17.43. The stock has a 50-day moving average price of $16.20 and a 200 day moving average price of $16.60. The company has a market capitalization of $1.05 billion, a P/E 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.