VanEck High Yield Muni ETF (BATS:HYD) Shares Purchased by Sofi Wealth LLC

Sofi Wealth LLC grew its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 9.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 90,902 shares of the company’s stock after purchasing an additional 7,564 shares during the period. VanEck High Yield Muni ETF comprises 0.3% of Sofi Wealth LLC’s investment portfolio, making the stock its 11th largest holding. Sofi Wealth LLC’s holdings in VanEck High Yield Muni ETF were worth $4,719,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in VanEck High Yield Muni ETF by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 371,171 shares of the company’s stock worth $19,267,000 after buying an additional 12,816 shares during the period. IFP Advisors Inc boosted its stake in shares of VanEck High Yield Muni ETF by 22.0% in the fourth quarter. IFP Advisors Inc now owns 9,130 shares of the company’s stock valued at $474,000 after purchasing an additional 1,645 shares during the period. Lansing Street Advisors boosted its stake in shares of VanEck High Yield Muni ETF by 3.0% in the fourth quarter. Lansing Street Advisors now owns 13,619 shares of the company’s stock valued at $707,000 after purchasing an additional 393 shares during the period. Rainey & Randall Wealth Advisors Inc. boosted its stake in shares of VanEck High Yield Muni ETF by 6.1% in the fourth quarter. Rainey & Randall Wealth Advisors Inc. now owns 28,449 shares of the company’s stock valued at $1,477,000 after purchasing an additional 1,642 shares during the period. Finally, Advyzon Investment Management LLC purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter valued at $1,307,000.

VanEck High Yield Muni ETF Stock Up 1.5 %

Shares of HYD stock opened at $52.15 on Tuesday. The company has a fifty day moving average price of $51.79 and a two-hundred day moving average price of $52.24.

VanEck High Yield Muni ETF Increases Dividend

The company also recently announced 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 of this dividend was Monday, February 3rd. This is an increase 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.