Envestnet Asset Management Inc. Sells 76,908 Shares of VanEck High Yield Muni ETF $HYD

Envestnet Asset Management Inc. decreased its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,163 shares of the company’s stock after selling 76,908 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.82% of VanEck High Yield Muni ETF worth $27,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Yeomans Consulting Group Inc. lifted its stake in shares of VanEck High Yield Muni ETF by 0.9% during the 3rd quarter. Yeomans Consulting Group Inc. now owns 22,938 shares of the company’s stock worth $1,165,000 after buying an additional 200 shares during the last quarter. Nwam LLC raised its holdings in VanEck High Yield Muni ETF by 0.9% in the 3rd quarter. Nwam LLC now owns 25,656 shares of the company’s stock valued at $1,314,000 after acquiring an additional 218 shares during the period. Balefire LLC raised its holdings in VanEck High Yield Muni ETF by 3.9% in the 3rd quarter. Balefire LLC now owns 7,139 shares of the company’s stock valued at $363,000 after acquiring an additional 269 shares during the period. Wealthfront Advisers LLC lifted its position 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. Finally, Binnacle Investments Inc boosted its holdings in shares of VanEck High Yield Muni ETF by 12.4% during the second quarter. Binnacle Investments Inc now owns 2,783 shares of the company’s stock worth $140,000 after acquiring an additional 306 shares during the period.

VanEck High Yield Muni ETF Stock Up 0.3%

VanEck High Yield Muni ETF stock opened at $51.20 on Friday. VanEck High Yield Muni ETF has a 12 month low of $47.78 and a 12 month high of $52.53. The stock’s 50 day moving average is $51.13 and its 200-day moving average is $50.66.

VanEck High Yield Muni ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1859 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, February 2nd. This is a positive change from VanEck High Yield Muni ETF’s previous monthly dividend of $0.18.

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.