Assetmark Inc. Grows Position in VanEck High Yield Muni ETF $HYD

Assetmark Inc. lifted its stake in VanEck High Yield Muni ETF (BATS:HYD) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,251,194 shares of the company’s stock after purchasing an additional 34,287 shares during the period. Assetmark Inc. owned approximately 1.89% of VanEck High Yield Muni ETF worth $63,686,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Forum Financial Management LP grew its position in shares of VanEck High Yield Muni ETF by 609.9% in the third quarter. Forum Financial Management LP now owns 1,277,016 shares of the company’s stock valued at $65,000,000 after purchasing an additional 1,097,133 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in VanEck High Yield Muni ETF by 38.5% in the second quarter. Ameriprise Financial Inc. now owns 568,929 shares of the company’s stock valued at $28,547,000 after acquiring an additional 158,024 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of VanEck High Yield Muni ETF in the 2nd quarter valued at about $7,869,000. JPMorgan Chase & Co. increased its position in VanEck High Yield Muni ETF by 231.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 168,997 shares of the company’s stock worth $8,485,000 after purchasing an additional 118,079 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in VanEck High Yield Muni ETF by 68.9% during the 2nd quarter. Osaic Holdings Inc. now owns 280,062 shares of the company’s stock worth $14,146,000 after purchasing an additional 114,232 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 0.1%

Shares of HYD stock opened at $51.24 on Friday. The firm’s 50 day moving average price is $51.14 and its two-hundred day moving average price is $50.67. VanEck High Yield Muni ETF has a fifty-two week low of $47.78 and a fifty-two week high of $52.53.

VanEck High Yield Muni ETF Increases Dividend

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

VanEck High Yield Muni ETF 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.