Envestnet Portfolio Solutions Inc. Sells 12,575 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 32.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,997 shares of the company’s stock after selling 12,575 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in VanEck High Yield Muni ETF were worth $1,350,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HYD. Wealthfront Advisers LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 179,713.4% in the fourth quarter. Wealthfront Advisers LLC now owns 39,219,100 shares of the company’s stock valued at $2,035,863,000 after buying an additional 39,197,289 shares during the period. Grimes & Company Inc. boosted its stake in VanEck High Yield Muni ETF by 4.4% in the 4th quarter. Grimes & Company Inc. now owns 1,189,221 shares of the company’s stock worth $61,732,000 after purchasing an additional 50,578 shares during the period. Assetmark Inc. increased its holdings in VanEck High Yield Muni ETF by 5.4% during the 4th quarter. Assetmark Inc. now owns 1,109,860 shares of the company’s stock worth $57,613,000 after purchasing an additional 56,434 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of VanEck High Yield Muni ETF by 5.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 950,514 shares of the company’s stock valued at $49,341,000 after purchasing an additional 45,174 shares during the period. Finally, Ocean Park Asset Management LLC lifted its holdings in shares of VanEck High Yield Muni ETF by 98.0% in the fourth quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock valued at $33,690,000 after purchasing an additional 321,160 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 0.7 %

HYD stock opened at $51.72 on Friday. VanEck High Yield Muni ETF has a fifty-two week low of $50.78 and a fifty-two week high of $53.10. The business has a 50-day moving average of $51.86 and a 200-day moving average of $52.18.

VanEck High Yield Muni ETF Cuts Dividend

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