FLC Capital Advisors Trims Position in VanEck High Yield Muni ETF $HYD

FLC Capital Advisors lessened its stake in VanEck High Yield Muni ETF (BATS:HYD) by 3.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,296 shares of the company’s stock after selling 458 shares during the quarter. FLC Capital Advisors’ holdings in VanEck High Yield Muni ETF were worth $567,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in VanEck High Yield Muni ETF in the 1st quarter worth about $125,000. Principal Financial Group Inc. bought a new position in VanEck High Yield Muni ETF during the 1st quarter worth about $906,000. DAVENPORT & Co LLC grew its holdings in VanEck High Yield Muni ETF by 3.6% during the 1st quarter. DAVENPORT & Co LLC now owns 11,540 shares of the company’s stock worth $591,000 after acquiring an additional 400 shares in the last quarter. Cerity Partners LLC grew its holdings in VanEck High Yield Muni ETF by 19.0% during the 1st quarter. Cerity Partners LLC now owns 13,704 shares of the company’s stock worth $701,000 after acquiring an additional 2,192 shares in the last quarter. Finally, Simplex Trading LLC bought a new position in VanEck High Yield Muni ETF during the 1st quarter worth about $40,000.

VanEck High Yield Muni ETF Trading Down 0.6%

Shares of VanEck High Yield Muni ETF stock opened at $51.04 on Monday. VanEck High Yield Muni ETF has a 1 year low of $47.78 and a 1 year high of $53.10. The firm’s 50-day moving average is $50.22 and its two-hundred day moving average is $49.88.

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.