Truist Financial Corp Cuts Stock Position in VanEck High Yield Muni ETF $HYD

Truist Financial Corp trimmed its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 27.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,322 shares of the company’s stock after selling 39,408 shares during the quarter. Truist Financial Corp owned 0.16% of VanEck High Yield Muni ETF worth $5,188,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck High Yield Muni ETF by 4.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,717,156 shares of the company’s stock valued at $87,884,000 after acquiring an additional 76,501 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of VanEck High Yield Muni ETF by 1.1% in the 1st quarter. Royal Bank of Canada now owns 1,696,780 shares of the company’s stock valued at $86,842,000 after purchasing an additional 17,896 shares during the last quarter. Grimes & Company Inc. grew its position in VanEck High Yield Muni ETF by 0.9% during the first quarter. Grimes & Company Inc. now owns 1,200,224 shares of the company’s stock valued at $61,427,000 after acquiring an additional 11,003 shares during the period. Assetmark Inc. raised its holdings in VanEck High Yield Muni ETF by 4.8% in the first quarter. Assetmark Inc. now owns 1,163,225 shares of the company’s stock valued at $59,534,000 after buying an additional 53,365 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in VanEck High Yield Muni ETF by 2.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 973,257 shares of the company’s stock valued at $49,811,000 after purchasing an additional 22,743 shares in the last quarter.

VanEck High Yield Muni ETF Trading Down 1.3%

HYD opened at $50.70 on Wednesday. The firm’s 50 day moving average is $49.96 and its 200-day moving average is $49.91. VanEck High Yield Muni ETF has a 52-week low of $47.78 and a 52-week high of $53.10.

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.