VanEck Moodys Analytics BBB Corporate Bond ETF (BATS:MBBB) Shares Down 0.4% – Here’s Why

VanEck Moodys Analytics BBB Corporate Bond ETF (BATS:MBBB) was down 0.4% during trading on Thursday . The stock traded as low as $21.50 and last traded at $21.51. Approximately 1,003 shares traded hands during mid-day trading, The stock had previously closed at $21.59.

VanEck Moodys Analytics BBB Corporate Bond ETF Stock Performance

The stock has a 50-day moving average of $21.89 and a 200 day moving average of $21.40.

VanEck Moodys Analytics BBB Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.0894 per share. The ex-dividend date was Tuesday, September 3rd. This is an increase from VanEck Moodys Analytics BBB Corporate Bond ETF’s previous dividend of $0.09.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VanEck Moodys Analytics BBB Corporate Bond ETF stock. Van ECK Associates Corp increased its position in shares of VanEck Moodys Analytics BBB Corporate Bond ETF (BATS:MBBB) by 44.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 327,000 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. Van ECK Associates Corp owned approximately 81.75% of VanEck Moodys Analytics BBB Corporate Bond ETF worth $6,962,000 as of its most recent filing with the SEC.

About VanEck Moodys Analytics BBB Corporate Bond ETF

The VanEck Moody’s Analytics BBB Corporate Bond ETF (MBBB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB-rated corporate bonds issued in the US domestic market. MBBB was launched on Dec 1, 2020 and is managed by VanEck.