Financial Management Network Inc. Lowers Stake in VanEck Durable High Dividend ETF (BATS:DURA)

Financial Management Network Inc. reduced its stake in shares of VanEck Durable High Dividend ETF (BATS:DURA) by 18.1% in the fourth quarter, Holdings Channel reports. The firm owned 14,786 shares of the company’s stock after selling 3,258 shares during the period. Financial Management Network Inc.’s holdings in VanEck Durable High Dividend ETF were worth $484,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DURA. MML Investors Services LLC lifted its stake in VanEck Durable High Dividend ETF by 0.5% in the third quarter. MML Investors Services LLC now owns 85,094 shares of the company’s stock worth $2,958,000 after acquiring an additional 438 shares during the period. Private Advisor Group LLC purchased a new stake in VanEck Durable High Dividend ETF in the third quarter worth about $771,000. Finally, Western Pacific Wealth Management LP lifted its stake in VanEck Durable High Dividend ETF by 147.1% in the third quarter. Western Pacific Wealth Management LP now owns 6,300 shares of the company’s stock worth $219,000 after acquiring an additional 3,750 shares during the period.

VanEck Durable High Dividend ETF Trading Up 1.7 %

BATS:DURA opened at $33.17 on Wednesday. The business has a fifty day simple moving average of $33.01 and a 200-day simple moving average of $33.86. The stock has a market capitalization of $59.70 million, a price-to-earnings ratio of 16.54 and a beta of 0.55.

About VanEck Durable High Dividend ETF

The VanEck Morningstar Durable Dividend ETF (DURA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-weighted index of US firms that are screened for dividend yield, financial health, and valuation. DURA was launched on Oct 30, 2018 and is managed by VanEck.