Sanctuary Advisors LLC Grows Stock Position in VanEck High Yield Muni ETF (BATS:HYD)

Sanctuary Advisors LLC boosted its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 40.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,488 shares of the company’s stock after acquiring an additional 34,690 shares during the period. Sanctuary Advisors LLC’s holdings in VanEck High Yield Muni ETF were worth $6,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Grimes & Company Inc. grew its position in shares of VanEck High Yield Muni ETF by 4.4% in the fourth quarter. Grimes & Company Inc. now owns 1,189,221 shares of the company’s stock valued at $61,732,000 after purchasing an additional 50,578 shares during the last quarter. Assetmark Inc. grew its holdings in VanEck High Yield Muni ETF by 4.9% during the 3rd quarter. Assetmark Inc. now owns 1,053,426 shares of the company’s stock valued at $55,905,000 after buying an additional 49,277 shares during the last quarter. Ocean Park Asset Management LLC increased its position in VanEck High Yield Muni ETF by 98.0% during the fourth quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock worth $33,690,000 after buying an additional 321,160 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of VanEck High Yield Muni ETF by 6.0% in the third quarter. Forum Financial Management LP now owns 643,392 shares of the company’s stock worth $34,145,000 after acquiring an additional 36,316 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in shares of VanEck High Yield Muni ETF by 6.1% in the third quarter. MML Investors Services LLC now owns 217,092 shares of the company’s stock valued at $11,521,000 after acquiring an additional 12,404 shares in the last quarter.

VanEck High Yield Muni ETF Price Performance

VanEck High Yield Muni ETF stock opened at $51.84 on Thursday. The stock’s 50 day moving average is $51.82 and its 200-day moving average is $52.24.

VanEck High Yield Muni ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2067 per share. The ex-dividend date was Monday, February 3rd. This is an increase from VanEck High Yield Muni ETF’s previous dividend of $0.18.

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.