Dravo Bay LLC Boosts Holdings in 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% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,925 shares of the company’s stock after buying an additional 3,944 shares during the period. VanEck High Yield Muni ETF comprises about 0.9% of Dravo Bay LLC’s holdings, making the stock its 20th biggest position. Dravo Bay LLC’s holdings in VanEck High Yield Muni ETF were worth $1,917,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Grimes & Company Inc. boosted its position in VanEck High Yield Muni ETF by 4.4% during the fourth quarter. Grimes & Company Inc. now owns 1,189,221 shares of the company’s stock worth $61,732,000 after purchasing an additional 50,578 shares during the period. Assetmark Inc. boosted its position in VanEck High Yield Muni ETF by 4.9% during the third quarter. Assetmark Inc. now owns 1,053,426 shares of the company’s stock worth $55,905,000 after purchasing an additional 49,277 shares during the period. Ocean Park Asset Management LLC boosted its position in VanEck High Yield Muni ETF by 98.0% during the fourth quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock worth $33,690,000 after purchasing an additional 321,160 shares during the period. Forum Financial Management LP boosted its position in VanEck High Yield Muni ETF by 6.0% during the third quarter. Forum Financial Management LP now owns 643,392 shares of the company’s stock worth $34,145,000 after purchasing an additional 36,316 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in VanEck High Yield Muni ETF by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 371,171 shares of the company’s stock worth $19,267,000 after purchasing an additional 12,816 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of BATS:HYD opened at $52.28 on Tuesday. The stock’s fifty day simple moving average is $51.86 and its 200-day simple moving average is $52.24.

VanEck High Yield Muni ETF Cuts Dividend

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

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.