Victory Capital Management Inc. Sells 10,000 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Victory Capital Management Inc. reduced its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 25.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,000 shares of the company’s stock after selling 10,000 shares during the quarter. Victory Capital Management Inc.’s holdings in VanEck High Yield Muni ETF were worth $1,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Ocean LLC lifted its holdings in VanEck High Yield Muni ETF by 239.2% during the 2nd quarter. Private Ocean LLC now owns 522,578 shares of the company’s stock worth $26,991,000 after buying an additional 368,527 shares during the period. Sei Investments Co. boosted its position in shares of VanEck High Yield Muni ETF by 7.7% during the 2nd quarter. Sei Investments Co. now owns 3,796,110 shares of the company’s stock valued at $196,067,000 after purchasing an additional 270,773 shares in the last quarter. Forum Financial Management LP boosted its holdings in shares of VanEck High Yield Muni ETF by 61.7% during the 2nd quarter. Forum Financial Management LP now owns 607,076 shares of the company’s stock worth $31,355,000 after buying an additional 231,543 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of VanEck High Yield Muni ETF by 19.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 873,023 shares of the company’s stock valued at $45,092,000 after acquiring an additional 140,807 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in VanEck High Yield Muni ETF in the third quarter valued at $5,634,000.

VanEck High Yield Muni ETF Trading Up 0.4 %

HYD stock opened at $52.59 on Tuesday. The stock’s 50-day moving average is $52.46 and its 200-day moving average is $52.22.

VanEck High Yield Muni ETF Cuts Dividend

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

VanEck High Yield Muni ETF Company Profile

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.