Perennial Investment Advisors LLC Increases Stock Position in VanEck BDC Income ETF (NYSEARCA:BIZD)

Perennial Investment Advisors LLC lifted its holdings in shares of VanEck BDC Income ETF (NYSEARCA:BIZD) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,710 shares of the company’s stock after purchasing an additional 2,945 shares during the period. Perennial Investment Advisors LLC owned about 0.10% of VanEck BDC Income ETF worth $1,107,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new position in VanEck BDC Income ETF during the fourth quarter worth $150,000. Howard Wealth Management LLC purchased a new stake in VanEck BDC Income ETF during the 1st quarter worth about $171,000. J.W. Cole Advisors Inc. acquired a new position in VanEck BDC Income ETF in the 1st quarter valued at about $211,000. OLD National Bancorp IN purchased a new position in VanEck BDC Income ETF in the 2nd quarter valued at about $218,000. Finally, Larson Financial Group LLC boosted its stake in shares of VanEck BDC Income ETF by 8.3% during the 1st quarter. Larson Financial Group LLC now owns 13,955 shares of the company’s stock worth $236,000 after purchasing an additional 1,075 shares during the last quarter.

VanEck BDC Income ETF Price Performance

Shares of NYSEARCA BIZD opened at $16.43 on Tuesday. The company has a 50-day simple moving average of $16.36 and a 200-day simple moving average of $16.61. The company has a market cap of $1.06 billion, a PE ratio of 18.42 and a beta of 0.58. VanEck BDC Income ETF has a 12 month low of $14.60 and a 12 month high of $17.43.

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.