Brown Wealth Management LLC Sells 30,963 Shares of VanEck High Yield Muni ETF $HYD

Brown Wealth Management LLC lessened its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 46.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,017 shares of the company’s stock after selling 30,963 shares during the quarter. Brown Wealth Management LLC owned approximately 0.05% of VanEck High Yield Muni ETF worth $1,758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC boosted its position in VanEck High Yield Muni ETF by 19.0% during the first quarter. Cerity Partners LLC now owns 13,704 shares of the company’s stock valued at $701,000 after purchasing an additional 2,192 shares in the last quarter. Simplex Trading LLC bought a new position in VanEck High Yield Muni ETF in the first quarter worth about $40,000. Private Advisor Group LLC lifted its position in shares of VanEck High Yield Muni ETF by 15.9% during the first quarter. Private Advisor Group LLC now owns 18,735 shares of the company’s stock valued at $959,000 after buying an additional 2,570 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of VanEck High Yield Muni ETF by 8.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 617,071 shares of the company’s stock valued at $30,983,000 after buying an additional 48,879 shares in the last quarter. Finally, Berger Financial Group Inc grew its position in shares of VanEck High Yield Muni ETF by 139.4% in the 1st quarter. Berger Financial Group Inc now owns 11,465 shares of the company’s stock worth $587,000 after buying an additional 6,675 shares during the last quarter.

VanEck High Yield Muni ETF Trading Down 0.7%

BATS HYD opened at $51.02 on Wednesday. VanEck High Yield Muni ETF has a 52 week low of $47.78 and a 52 week high of $53.10. The company has a 50 day moving average price of $50.89 and a 200 day moving average price of $50.06.

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.