Envestnet Asset Management Inc. Sells 239,534 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Envestnet Asset Management Inc. decreased its position in VanEck High Yield Muni ETF (BATS:HYD) by 29.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 568,192 shares of the company’s stock after selling 239,534 shares during the quarter. Envestnet Asset Management Inc. owned 0.86% of VanEck High Yield Muni ETF worth $29,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 27.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 10,080 shares of the company’s stock worth $516,000 after purchasing an additional 2,199 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 148.1% in the 1st quarter. Capital Investment Advisory Services LLC now owns 1,315 shares of the company’s stock worth $67,000 after purchasing an additional 785 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 467.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 201,953 shares of the company’s stock worth $10,336,000 after purchasing an additional 166,373 shares during the period. Avantax Planning Partners Inc. boosted its holdings in shares of VanEck High Yield Muni ETF by 0.3% in the 1st quarter. Avantax Planning Partners Inc. now owns 329,849 shares of the company’s stock worth $16,882,000 after purchasing an additional 991 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of VanEck High Yield Muni ETF in the 1st quarter worth approximately $906,000.

VanEck High Yield Muni ETF Stock Performance

HYD opened at $49.54 on Tuesday. The business has a fifty day moving average of $49.85 and a 200 day moving average of $50.77. VanEck High Yield Muni ETF has a 52-week low of $47.78 and a 52-week high of $53.10.

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.