Bank of America Corp DE Raises Stock Position in VanEck High Yield Muni ETF $HYD

Bank of America Corp DE grew its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 18.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,710,046 shares of the company’s stock after acquiring an additional 3,239,944 shares during the period. Bank of America Corp DE owned about 0.31% of VanEck High Yield Muni ETF worth $1,038,402,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HYD. Stratos Wealth Partners LTD. increased its holdings in VanEck High Yield Muni ETF by 74.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 42,266 shares of the company’s stock worth $2,161,000 after purchasing an additional 18,085 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of VanEck High Yield Muni ETF by 19.5% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 104,445 shares of the company’s stock worth $5,339,000 after purchasing an additional 17,072 shares during the last quarter. Brindle & Bay Financial Advisors LLC bought a new stake in shares of VanEck High Yield Muni ETF during the fourth quarter worth about $934,000. Diversified Enterprises LLC increased its stake in shares of VanEck High Yield Muni ETF by 93.7% in the fourth quarter. Diversified Enterprises LLC now owns 31,606 shares of the company’s stock valued at $1,616,000 after buying an additional 15,293 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in VanEck High Yield Muni ETF by 4.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,040,068 shares of the company’s stock valued at $104,288,000 after buying an additional 79,434 shares during the last quarter.

VanEck High Yield Muni ETF Trading Down 0.1%

BATS:HYD opened at $50.22 on Friday. VanEck High Yield Muni ETF has a one year low of $49.08 and a one year high of $51.68. The firm’s 50 day simple moving average is $51.15 and its 200 day simple moving average is $51.02.

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.