VanEck High Yield Muni ETF (BATS:HYD) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC trimmed its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 49.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 99,029 shares of the company’s stock after selling 98,749 shares during the quarter. Wealthspire Advisors LLC’s holdings in VanEck High Yield Muni ETF were worth $5,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HYD. Private Advisor Group LLC lifted its position in VanEck High Yield Muni ETF by 7.1% during the third quarter. Private Advisor Group LLC now owns 20,815 shares of the company’s stock valued at $1,105,000 after buying an additional 1,378 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in VanEck High Yield Muni ETF by 2.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 24,439 shares of the company’s stock valued at $1,297,000 after buying an additional 561 shares in the last quarter. PFG Investments LLC acquired a new position in VanEck High Yield Muni ETF during the third quarter valued at approximately $274,000. Richardson Financial Services Inc. lifted its position in VanEck High Yield Muni ETF by 8.9% during the third quarter. Richardson Financial Services Inc. now owns 9,681 shares of the company’s stock valued at $501,000 after buying an additional 789 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its position in VanEck High Yield Muni ETF by 2.6% during the third quarter. Valmark Advisers Inc. now owns 36,690 shares of the company’s stock valued at $1,947,000 after buying an additional 939 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

HYD opened at $52.12 on Monday. The firm’s 50-day moving average price is $51.79 and its 200 day moving average price is $52.23.

VanEck High Yield Muni ETF Increases Dividend

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

VanEck High Yield Muni ETF Company 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.