United Capital Financial Advisors LLC Makes New $368,000 Investment in VanEck High Yield Muni ETF (BATS:HYD)

United Capital Financial Advisors LLC bought a new stake in VanEck High Yield Muni ETF (BATS:HYD) during the 4th quarter, HoldingsChannel reports. The firm bought 7,080 shares of the company’s stock, valued at approximately $368,000.

A number of other institutional investors and hedge funds have also modified their holdings of HYD. Spire Wealth Management raised its position in shares of VanEck High Yield Muni ETF by 69.6% in the fourth quarter. Spire Wealth Management now owns 475 shares of the company’s stock valued at $25,000 after buying an additional 195 shares during the last quarter. Headlands Technologies LLC lifted its stake in VanEck High Yield Muni ETF by 153.7% in the 4th quarter. Headlands Technologies LLC now owns 576 shares of the company’s stock worth $30,000 after purchasing an additional 349 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of VanEck High Yield Muni ETF during the 4th quarter worth approximately $170,000. Sovran Advisors LLC purchased a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at approximately $226,000. Finally, Breakwater Capital Group increased its holdings in shares of VanEck High Yield Muni ETF by 10.7% in the fourth quarter. Breakwater Capital Group now owns 4,383 shares of the company’s stock valued at $228,000 after purchasing an additional 422 shares during the last quarter.

VanEck High Yield Muni ETF Stock Performance

Shares of BATS:HYD opened at $49.54 on Tuesday. VanEck High Yield Muni ETF has a 52-week low of $47.78 and a 52-week high of $53.10. The business has a fifty day moving average of $51.17 and a two-hundred day moving average of $51.78.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1588 per share. 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.