Symphony Financial Ltd. Co. Trims Stake in VanEck BDC Income ETF (NYSEARCA:BIZD)

Symphony Financial Ltd. Co. trimmed its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 29.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,302 shares of the company’s stock after selling 22,372 shares during the quarter. Symphony Financial Ltd. Co. owned about 0.13% of VanEck BDC Income ETF worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC purchased a new position in shares of VanEck BDC Income ETF in the 1st quarter worth about $35,000. Ahrens Investment Partners LLC bought a new stake in shares of VanEck BDC Income ETF in the 1st quarter valued at about $38,000. Sunbelt Securities Inc. bought a new stake in shares of VanEck BDC Income ETF in the 1st quarter valued at about $44,000. Barrett & Company Inc. bought a new stake in shares of VanEck BDC Income ETF in the 1st quarter valued at about $56,000. Finally, Credit Suisse AG bought a new stake in shares of VanEck BDC Income ETF in the 2nd quarter valued at about $57,000.

VanEck BDC Income ETF Stock Up 0.1 %

Shares of NYSEARCA BIZD traded up $0.01 during midday trading on Tuesday, reaching $16.03. The company had a trading volume of 211,771 shares, compared to its average volume of 328,822. VanEck BDC Income ETF has a one year low of $12.93 and a one year high of $16.08. The firm’s fifty day moving average price is $15.66 and its 200-day moving average price is $15.01. The stock has a market cap of $675.99 million, a PE ratio of 10.91 and a beta of 1.21.

VanEck BDC Income ETF Company 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.