VanEck High Yield Muni ETF (BATS:HYD) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,202 shares of the company’s stock after purchasing an additional 32,226 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck High Yield Muni ETF were worth $7,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management lifted its stake in shares of VanEck High Yield Muni ETF by 69.6% during the fourth quarter. Spire Wealth Management now owns 475 shares of the company’s stock worth $25,000 after purchasing an additional 195 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of VanEck High Yield Muni ETF during the fourth quarter worth about $170,000. EP Wealth Advisors LLC acquired a new position in shares of VanEck High Yield Muni ETF during the third quarter worth about $198,000. Sovran Advisors LLC acquired a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $226,000. Finally, Breakwater Capital Group lifted its stake in shares of VanEck High Yield Muni ETF by 10.7% in the fourth quarter. Breakwater Capital Group now owns 4,383 shares of the company’s stock worth $228,000 after acquiring an additional 422 shares in the last quarter.

VanEck High Yield Muni ETF Trading Up 0.8 %

BATS:HYD opened at $51.78 on Wednesday. VanEck High Yield Muni ETF has a one year low of $50.78 and a one year high of $53.10. The business’s 50-day simple moving average is $51.86 and its 200 day simple moving average is $52.19.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1588 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

VanEck High Yield Muni ETF 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.