Focus Partners Wealth Lowers Position in VanEck High Yield Muni ETF $HYD

Focus Partners Wealth lessened its position in VanEck High Yield Muni ETF (BATS:HYD) by 18.9% in the first quarter, HoldingsChannel reports. The firm owned 1,404,769 shares of the company’s stock after selling 327,358 shares during the quarter. Focus Partners Wealth’s holdings in VanEck High Yield Muni ETF were worth $71,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Baird Financial Group Inc. raised its stake in VanEck High Yield Muni ETF by 0.5% during the fourth quarter. Baird Financial Group Inc. now owns 39,364 shares of the company’s stock valued at $2,043,000 after buying an additional 198 shares during the last quarter. Cypress Financial Planning LLC increased its holdings in shares of VanEck High Yield Muni ETF by 4.4% in the 1st quarter. Cypress Financial Planning LLC now owns 5,936 shares of the company’s stock worth $304,000 after purchasing an additional 249 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of VanEck High Yield Muni ETF by 1.5% in the 1st quarter. CreativeOne Wealth LLC now owns 20,960 shares of the company’s stock worth $1,073,000 after purchasing an additional 312 shares in the last quarter. United Advisor Group LLC increased its holdings in shares of VanEck High Yield Muni ETF by 7.5% in the 1st quarter. United Advisor Group LLC now owns 4,909 shares of the company’s stock worth $251,000 after purchasing an additional 341 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in shares of VanEck High Yield Muni ETF by 3.6% in the 1st quarter. DAVENPORT & Co LLC now owns 11,540 shares of the company’s stock worth $591,000 after purchasing an additional 400 shares in the last quarter.

VanEck High Yield Muni ETF Price Performance

VanEck High Yield Muni ETF stock opened at $50.39 on Wednesday. The stock has a fifty day simple moving average of $49.43 and a two-hundred day simple moving average of $50.07. VanEck High Yield Muni ETF has a 12 month low of $47.78 and a 12 month high of $53.10.

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.