Dynamic Advisor Solutions LLC Makes New Investment in VanEck Green Bond ETF $GRNB

Dynamic Advisor Solutions LLC acquired a new stake in VanEck Green Bond ETF (NYSEARCA:GRNB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 21,353 shares of the financial services provider’s stock, valued at approximately $520,000. Dynamic Advisor Solutions LLC owned approximately 0.32% of VanEck Green Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PFG Investments LLC lifted its position in shares of VanEck Green Bond ETF by 0.6% during the third quarter. PFG Investments LLC now owns 538,790 shares of the financial services provider’s stock worth $13,163,000 after purchasing an additional 3,410 shares in the last quarter. Rossby Financial LCC grew its stake in shares of VanEck Green Bond ETF by 15.7% during the third quarter. Rossby Financial LCC now owns 280,710 shares of the financial services provider’s stock valued at $6,851,000 after purchasing an additional 38,079 shares during the last quarter. Financial Engines Advisors L.L.C. increased its holdings in shares of VanEck Green Bond ETF by 6.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 129,904 shares of the financial services provider’s stock valued at $3,174,000 after purchasing an additional 7,583 shares in the last quarter. UBS Group AG increased its holdings in shares of VanEck Green Bond ETF by 3.1% in the third quarter. UBS Group AG now owns 77,308 shares of the financial services provider’s stock valued at $1,889,000 after purchasing an additional 2,348 shares in the last quarter. Finally, Mariner LLC raised its position in VanEck Green Bond ETF by 2.3% in the 3rd quarter. Mariner LLC now owns 47,171 shares of the financial services provider’s stock worth $1,152,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors and hedge funds own 1.77% of the company’s stock.

VanEck Green Bond ETF Stock Performance

NYSEARCA:GRNB opened at $23.84 on Friday. The company has a market cap of $164.50 million, a price-to-earnings ratio of -35.06 and a beta of 0.24. The stock’s fifty day moving average price is $24.29 and its two-hundred day moving average price is $24.38. VanEck Green Bond ETF has a 52-week low of $23.48 and a 52-week high of $24.67.

VanEck Green Bond ETF Cuts Dividend

The company also recently announced 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. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. VanEck Green Bond ETF’s payout ratio is presently -150.00%.

VanEck Green Bond ETF Profile

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.