Beacon Pointe Advisors LLC Boosts Stock Holdings in VanEck High Yield Muni ETF $HYD

Beacon Pointe Advisors LLC raised its stake in VanEck High Yield Muni ETF (BATS:HYD) by 24.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,296 shares of the company’s stock after purchasing an additional 11,696 shares during the quarter. Beacon Pointe Advisors LLC owned about 0.09% of VanEck High Yield Muni ETF worth $3,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HYD. Seamount Financial Group Inc. raised its position in shares of VanEck High Yield Muni ETF by 4.2% in the 2nd quarter. Seamount Financial Group Inc. now owns 7,150 shares of the company’s stock worth $359,000 after buying an additional 289 shares during the period. Wealthfront Advisers LLC increased its stake in VanEck High Yield Muni ETF by 1.4% during the second quarter. Wealthfront Advisers LLC now owns 21,587 shares of the company’s stock worth $1,084,000 after acquiring an additional 301 shares during the last quarter. CreativeOne Wealth LLC increased its stake in VanEck High Yield Muni ETF by 1.5% during the first quarter. CreativeOne Wealth LLC now owns 20,960 shares of the company’s stock worth $1,073,000 after acquiring an additional 312 shares during the last quarter. Valmark Advisers Inc. raised its holdings in shares of VanEck High Yield Muni ETF by 0.8% in the 2nd quarter. Valmark Advisers Inc. now owns 39,428 shares of the company’s stock worth $1,980,000 after purchasing an additional 320 shares during the period. Finally, Wedmont Private Capital raised its holdings in shares of VanEck High Yield Muni ETF by 1.3% in the 2nd quarter. Wedmont Private Capital now owns 37,526 shares of the company’s stock worth $1,877,000 after purchasing an additional 498 shares during the period.

VanEck High Yield Muni ETF Stock Down 0.9%

BATS HYD opened at $50.89 on Friday. VanEck High Yield Muni ETF has a 1-year low of $47.78 and a 1-year high of $53.10. The business’s 50-day simple moving average is $50.95 and its 200-day simple moving average is $50.15.

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.