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

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

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of VanEck High Yield Muni ETF by 4.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 174,420 shares of the company’s stock worth $8,559,000 after buying an additional 8,087 shares during the period. Bank of New York Mellon Corp bought a new stake in VanEck High Yield Muni ETF in the 3rd quarter worth $19,017,000. WealthShield Partners LLC purchased a new position in shares of VanEck High Yield Muni ETF in the third quarter valued at about $1,100,000. Park Avenue Securities LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 1.9% during the third quarter. Park Avenue Securities LLC now owns 46,506 shares of the company’s stock worth $2,282,000 after purchasing an additional 856 shares during the period. Finally, Gradient Investments LLC grew its stake in shares of VanEck High Yield Muni ETF by 28.6% in the third quarter. Gradient Investments LLC now owns 3,840 shares of the company’s stock worth $188,000 after purchasing an additional 853 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

HYD remained flat at $51.83 during midday trading on Wednesday. The company’s stock had a trading volume of 359,051 shares. The stock’s fifty 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 firm also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.1942 per share. 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.