Dravo Bay LLC Sells 4,465 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Dravo Bay LLC lowered its position in VanEck High Yield Muni ETF (BATS:HYD) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,759 shares of the company’s stock after selling 4,465 shares during the period. VanEck High Yield Muni ETF accounts for 1.1% of Dravo Bay LLC’s portfolio, making the stock its 20th largest holding. Dravo Bay LLC owned about 0.05% of VanEck High Yield Muni ETF worth $1,588,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of VanEck High Yield Muni ETF by 44.2% in the fourth quarter. Blue Trust Inc. now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 243 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at $108,000. Davidson Investment Advisors acquired a new position in shares of VanEck High Yield Muni ETF during the third quarter valued at $128,000. Global Retirement Partners LLC boosted its holdings in VanEck High Yield Muni ETF by 549.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,495 shares of the company’s stock valued at $128,000 after acquiring an additional 2,111 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in VanEck High Yield Muni ETF in the fourth quarter worth about $185,000.

VanEck High Yield Muni ETF Price Performance

Shares of VanEck High Yield Muni ETF stock remained flat at $51.83 on Wednesday. 359,051 shares of the company’s stock traded hands. The company’s 50 day simple moving average is $51.70 and its 200 day simple moving average is $50.99.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.1942 dividend. The ex-dividend date was Monday, April 1st.

VanEck High Yield Muni ETF Company Profile

The VanEck High Yield Muni ETF (HYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of high-yield, tax-exempt US municipal bonds. HYD was launched on Feb 4, 2009 and is managed by VanEck.