Tocqueville Asset Management L.P. Makes New Investment in VanEck High Yield Muni ETF (BATS:HYD)

Tocqueville Asset Management L.P. acquired a new stake in VanEck High Yield Muni ETF (BATS:HYD) in the fourth quarter, HoldingsChannel reports. The fund acquired 44,580 shares of the company’s stock, valued at approximately $2,314,000.

Several other institutional investors also recently modified their holdings of the company. Spire Wealth Management grew its holdings in VanEck High Yield Muni ETF by 69.6% during the fourth quarter. Spire Wealth Management now owns 475 shares of the company’s stock worth $25,000 after purchasing an additional 195 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck High Yield Muni ETF during the 4th quarter worth approximately $170,000. EP Wealth Advisors LLC acquired a new position in shares of VanEck High Yield Muni ETF during the 3rd quarter worth approximately $198,000. Sovran Advisors LLC bought a new stake in VanEck High Yield Muni ETF in the 4th quarter valued at $226,000. Finally, Breakwater Capital Group boosted its position in VanEck High Yield Muni ETF by 10.7% during the fourth quarter. Breakwater Capital Group now owns 4,383 shares of the company’s stock worth $228,000 after purchasing an additional 422 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of HYD opened at $51.78 on Wednesday. The company’s 50-day moving average is $51.86 and its 200-day moving average is $52.19. VanEck High Yield Muni ETF has a fifty-two week low of $50.78 and a fifty-two week high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1588 dividend. The ex-dividend date was Monday, March 3rd.

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.