VanEck High Yield Muni ETF (BATS:HYD) Stake Cut by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC cut its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 9.2% in the third quarter, HoldingsChannel reports. The fund owned 7,881 shares of the company’s stock after selling 798 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in VanEck High Yield Muni ETF were worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clarity Financial LLC acquired a new stake in shares of VanEck High Yield Muni ETF during the third quarter worth approximately $2,100,000. Forum Financial Management LP lifted its position in VanEck High Yield Muni ETF by 6.0% in the 3rd quarter. Forum Financial Management LP now owns 643,392 shares of the company’s stock worth $34,145,000 after buying an additional 36,316 shares in the last quarter. Lansing Street Advisors boosted its stake in shares of VanEck High Yield Muni ETF by 8.0% during the 3rd quarter. Lansing Street Advisors now owns 13,226 shares of the company’s stock valued at $702,000 after buying an additional 981 shares during the period. Sofi Wealth LLC increased its stake in shares of VanEck High Yield Muni ETF by 9.4% in the third quarter. Sofi Wealth LLC now owns 83,338 shares of the company’s stock worth $4,423,000 after acquiring an additional 7,133 shares during the last quarter. Finally, Prossimo Advisors LLC purchased a new stake in shares of VanEck High Yield Muni ETF during the third quarter worth $283,000.

VanEck High Yield Muni ETF Stock Up 1.0 %

HYD opened at $52.22 on Monday. The company’s 50-day moving average price is $52.53 and its two-hundred day moving average price is $52.14.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1803 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

About VanEck High Yield Muni ETF

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.