Sovran Advisors LLC Acquires Shares of 4,399 VanEck High Yield Muni ETF (BATS:HYD)

Sovran Advisors LLC bought a new position in VanEck High Yield Muni ETF (BATS:HYD) during the fourth quarter, HoldingsChannel.com reports. The fund bought 4,399 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HYD. Exchange Traded Concepts LLC bought a new position in VanEck High Yield Muni ETF in the 3rd quarter worth about $459,000. FLC Capital Advisors raised its holdings in VanEck High Yield Muni ETF by 7.1% in the third quarter. FLC Capital Advisors now owns 8,009 shares of the company’s stock worth $425,000 after buying an additional 533 shares during the last quarter. Good Life Advisors LLC lifted its stake in shares of VanEck High Yield Muni ETF by 124.6% in the third quarter. Good Life Advisors LLC now owns 26,784 shares of the company’s stock worth $1,421,000 after buying an additional 14,859 shares in the last quarter. Riversedge Advisors LLC lifted its stake in shares of VanEck High Yield Muni ETF by 3.6% in the third quarter. Riversedge Advisors LLC now owns 62,667 shares of the company’s stock worth $3,326,000 after buying an additional 2,178 shares in the last quarter. Finally, Greenup Street Wealth Management LLC purchased a new stake in shares of VanEck High Yield Muni ETF during the third quarter valued at approximately $640,000.

VanEck High Yield Muni ETF Stock Up 1.0 %

Shares of BATS HYD opened at $51.85 on Friday. The stock has a fifty day moving average price of $51.89 and a 200 day moving average price of $52.26.

VanEck High Yield Muni ETF Increases Dividend

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

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.