Magnus Financial Group LLC Reduces Stake in VanEck High Yield Muni ETF (BATS:HYD)

Magnus Financial Group LLC lessened its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 15.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,685 shares of the company’s stock after selling 2,974 shares during the quarter. Magnus Financial Group LLC’s holdings in VanEck High Yield Muni ETF were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in shares of VanEck High Yield Muni ETF by 6.5% during the 2nd quarter. Renaissance Technologies LLC now owns 151,800 shares of the company’s stock valued at $7,840,000 after purchasing an additional 9,236 shares in the last quarter. Thrivent Financial for Lutherans grew its position in VanEck High Yield Muni ETF by 48.6% during the second quarter. Thrivent Financial for Lutherans now owns 14,080 shares of the company’s stock worth $727,000 after buying an additional 4,608 shares in the last quarter. Insigneo Advisory Services LLC bought a new position in VanEck High Yield Muni ETF in the 2nd quarter worth about $649,000. Creative Planning raised its holdings in shares of VanEck High Yield Muni ETF by 160.3% in the 2nd quarter. Creative Planning now owns 21,033 shares of the company’s stock valued at $1,086,000 after acquiring an additional 12,954 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of VanEck High Yield Muni ETF by 5.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,529,111 shares of the company’s stock valued at $78,981,000 after acquiring an additional 82,090 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

Shares of VanEck High Yield Muni ETF stock opened at $51.86 on Thursday. The company’s 50-day moving average is $52.08 and its 200 day moving average is $52.29.

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.