BNP Paribas Financial Markets Sells 8,000 Shares of VanEck High Yield Muni ETF (BATS:HYD)

BNP Paribas Financial Markets decreased its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 22.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,000 shares of the company’s stock after selling 8,000 shares during the quarter. BNP Paribas Financial Markets’ holdings in VanEck High Yield Muni ETF were worth $1,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HYD. Hennion & Walsh Asset Management Inc. grew its holdings in shares of VanEck High Yield Muni ETF by 2.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 24,994 shares of the company’s stock valued at $1,297,000 after buying an additional 555 shares during the period. Arkadios Wealth Advisors bought a new position in VanEck High Yield Muni ETF in the 4th quarter valued at about $315,000. TruWealth Advisors LLC raised its holdings in VanEck High Yield Muni ETF by 2.2% in the 4th quarter. TruWealth Advisors LLC now owns 65,606 shares of the company’s stock valued at $3,406,000 after acquiring an additional 1,419 shares during the period. Veery Capital LLC grew its position in shares of VanEck High Yield Muni ETF by 5.4% during the 4th quarter. Veery Capital LLC now owns 99,042 shares of the company’s stock worth $5,141,000 after purchasing an additional 5,115 shares in the last quarter. Finally, Riversedge Advisors LLC grew its position in shares of VanEck High Yield Muni ETF by 4.8% during the 4th quarter. Riversedge Advisors LLC now owns 65,668 shares of the company’s stock worth $3,409,000 after purchasing an additional 3,001 shares in the last quarter.

VanEck High Yield Muni ETF Trading Down 2.8%

BATS HYD opened at $49.92 on Monday. The firm’s 50 day simple moving average is $50.42 and its 200 day simple moving average is $51.46. VanEck High Yield Muni ETF has a 1 year low of $47.78 and a 1 year high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

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

About VanEck High Yield Muni ETF

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.