VanEck High Yield Muni ETF (BATS:HYD) Sets New 1-Year Low – Here’s What Happened

Shares of VanEck High Yield Muni ETF (BATS:HYD) hit a new 52-week low during trading on Monday . The company traded as low as $48.67 and last traded at $48.9360, with a volume of 2126458 shares. The stock had previously closed at $48.98.

VanEck High Yield Muni ETF Stock Performance

The firm has a 50 day moving average price of $50.10 and a two-hundred day moving average price of $50.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HYD. Talon Private Wealth LLC purchased a new stake in VanEck High Yield Muni ETF during the 2nd quarter worth approximately $1,081,000. IFP Advisors Inc boosted its stake in shares of VanEck High Yield Muni ETF by 45.0% during the 2nd quarter. IFP Advisors Inc now owns 8,379 shares of the company’s stock valued at $432,000 after buying an additional 2,602 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of VanEck High Yield Muni ETF by 5.7% during the 2nd quarter. Baird Financial Group Inc. now owns 13,227 shares of the company’s stock valued at $681,000 after buying an additional 719 shares during the last quarter. Hudock Inc. acquired a new stake in shares of VanEck High Yield Muni ETF during the second quarter worth approximately $206,000. Finally, Waverly Advisors LLC grew its position in shares of VanEck High Yield Muni ETF by 2.3% during the second quarter. Waverly Advisors LLC now owns 13,047 shares of the company’s stock worth $672,000 after buying an additional 294 shares in the last quarter.

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.