Dynamic Advisor Solutions LLC Acquires New Shares in VanEck Green Bond ETF $GRNB

Dynamic Advisor Solutions LLC bought a new stake in VanEck Green Bond ETF (NYSEARCA:GRNB) during the 4th quarter, Holdings Channel reports. The fund bought 21,353 shares of the financial services provider’s stock, valued at approximately $520,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Founders Financial Alliance LLC acquired a new position in shares of VanEck Green Bond ETF during the 3rd quarter worth about $33,000. MAI Capital Management raised its position in shares of VanEck Green Bond ETF by 9.1% in the 3rd quarter. MAI Capital Management now owns 5,040 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 421 shares during the period. Advisory Services Network LLC acquired a new stake in shares of VanEck Green Bond ETF in the 3rd quarter valued at approximately $137,000. Thrivent Financial for Lutherans bought a new position in VanEck Green Bond ETF during the 2nd quarter worth approximately $208,000. Finally, Perigon Wealth Management LLC bought a new position in VanEck Green Bond ETF during the 3rd quarter worth approximately $210,000. Institutional investors own 1.77% of the company’s stock.

VanEck Green Bond ETF Stock Performance

Shares of NYSEARCA GRNB opened at $23.84 on Friday. VanEck Green Bond ETF has a 52-week low of $23.48 and a 52-week high of $24.67. The stock has a market cap of $164.50 million, a P/E ratio of -35.06 and a beta of 0.24. The firm has a 50 day moving average price of $24.29 and a 200 day moving average price of $24.38.

VanEck Green Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0784 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. VanEck Green Bond ETF’s dividend payout ratio (DPR) is currently -150.00%.

About VanEck Green Bond ETF

Green Bankshares, Inc (Green Bankshares) is a bank holding company. Prior to September 7, 2011, Green Bankshares conducted its business primarily through its wholly owned subsidiary, GreenBank (the Bank). On September 7, 2011, the Bank merged with and into Capital Bank, National Association (Capital Bank, NA), a subsidiary of Capital Bank Financial Corp. (CBF). CBF owns approximately 90% interest of the Company. As of December 31, 2011, the Company’s net investment of $315.3 million in Capital Bank, NA.