VanEck High Yield Muni ETF (BATS:HYD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,714 shares of the company’s stock after selling 1,457 shares during the period. Bank of New York Mellon Corp owned approximately 0.56% of VanEck High Yield Muni ETF worth $18,922,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HYD. FMR LLC lifted its stake in VanEck High Yield Muni ETF by 132.1% during the fourth quarter. FMR LLC now owns 1,782,883 shares of the company’s stock worth $92,549,000 after purchasing an additional 1,014,701 shares in the last quarter. Bank of America Corp DE raised its stake in shares of VanEck High Yield Muni ETF by 8.7% in the fourth quarter. Bank of America Corp DE now owns 9,872,069 shares of the company’s stock valued at $512,459,000 after acquiring an additional 790,557 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of VanEck High Yield Muni ETF by 42.6% in the fourth quarter. Wells Fargo & Company MN now owns 887,504 shares of the company’s stock valued at $46,070,000 after acquiring an additional 265,075 shares in the last quarter. American Century Companies Inc. raised its stake in shares of VanEck High Yield Muni ETF by 238.7% in the fourth quarter. American Century Companies Inc. now owns 297,400 shares of the company’s stock valued at $15,438,000 after acquiring an additional 209,600 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at $10,215,000.

VanEck High Yield Muni ETF Trading Down 4.9%

Shares of BATS HYD opened at $48.86 on Friday. VanEck High Yield Muni ETF has a 12-month low of $47.78 and a 12-month high of $53.10. The business’s fifty day simple moving average is $49.77 and its 200-day simple moving average is $50.71.

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.