Kestra Private Wealth Services LLC Cuts Stock Position in VanEck High Yield Muni ETF (BATS:HYD)

Kestra Private Wealth Services LLC trimmed its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,204 shares of the company’s stock after selling 2,310 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in VanEck High Yield Muni ETF were worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HYD. Grimes & Company Inc. acquired a new stake in VanEck High Yield Muni ETF in the fourth quarter valued at approximately $56,648,000. TIAA Trust National Association purchased a new stake in shares of VanEck High Yield Muni ETF during the 3rd quarter valued at $37,850,000. Bank of New York Mellon Corp acquired a new stake in shares of VanEck High Yield Muni ETF in the 3rd quarter worth $19,017,000. Sage Mountain Advisors LLC boosted its position in shares of VanEck High Yield Muni ETF by 4,067.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 387,853 shares of the company’s stock worth $20,025,000 after purchasing an additional 378,547 shares in the last quarter. Finally, Assetmark Inc. grew its stake in VanEck High Yield Muni ETF by 74.1% during the 3rd quarter. Assetmark Inc. now owns 841,015 shares of the company’s stock worth $41,269,000 after buying an additional 357,974 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

VanEck High Yield Muni ETF stock opened at $51.52 on Monday. The company has a 50 day simple moving average of $51.71 and a 200-day simple moving average of $50.92.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.1942 dividend. The ex-dividend date was Monday, April 1st.

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.