Dravo Bay LLC Buys 3,944 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Dravo Bay LLC increased its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,925 shares of the company’s stock after acquiring an additional 3,944 shares during the quarter. VanEck High Yield Muni ETF makes up about 0.9% of Dravo Bay LLC’s portfolio, making the stock its 20th largest position. Dravo Bay LLC owned approximately 0.06% of VanEck High Yield Muni ETF worth $1,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management lifted its stake in shares of VanEck High Yield Muni ETF by 69.6% in the fourth quarter. Spire Wealth Management now owns 475 shares of the company’s stock valued at $25,000 after buying an additional 195 shares in the last quarter. Moser Wealth Advisors LLC bought a new position in shares of VanEck High Yield Muni ETF in the third quarter valued at $53,000. Farther Finance Advisors LLC raised its holdings in shares of VanEck High Yield Muni ETF by 1,541.8% in the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock valued at $85,000 after purchasing an additional 1,511 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at about $170,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of VanEck High Yield Muni ETF in the third quarter valued at about $198,000.

VanEck High Yield Muni ETF Price Performance

Shares of HYD stock opened at $52.28 on Tuesday. The firm has a 50 day moving average price of $51.86 and a 200-day moving average price of $52.24.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a $0.1588 dividend. The ex-dividend date is Monday, March 3rd.

VanEck High Yield Muni ETF 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.