Principal Financial Group Inc. Buys New Stake in VanEck High Yield Muni ETF $HYD

Principal Financial Group Inc. purchased a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,604 shares of the company’s stock, valued at approximately $642,000.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of VanEck High Yield Muni ETF by 4.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,790,742 shares of the company’s stock worth $89,913,000 after purchasing an additional 73,586 shares in the last quarter. Forum Financial Management LP grew its stake in VanEck High Yield Muni ETF by 609.9% during the 3rd quarter. Forum Financial Management LP now owns 1,277,016 shares of the company’s stock worth $65,000,000 after buying an additional 1,097,133 shares during the last quarter. Assetmark Inc. increased its position in VanEck High Yield Muni ETF by 4.6% during the second quarter. Assetmark Inc. now owns 1,216,907 shares of the company’s stock worth $61,101,000 after buying an additional 53,682 shares during the period. Commonwealth Equity Services LLC lifted its stake in VanEck High Yield Muni ETF by 3.9% in the second quarter. Commonwealth Equity Services LLC now owns 1,011,144 shares of the company’s stock valued at $50,770,000 after buying an additional 37,887 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of VanEck High Yield Muni ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 617,071 shares of the company’s stock valued at $30,983,000 after acquiring an additional 48,879 shares during the period.

VanEck High Yield Muni ETF Stock Down 0.0%

Shares of VanEck High Yield Muni ETF stock opened at $51.32 on Thursday. The firm’s fifty day simple moving average is $51.16 and its 200-day simple moving average is $50.73. VanEck High Yield Muni ETF has a 12 month low of $47.78 and a 12 month high of $52.53.

VanEck High Yield Muni ETF Increases Dividend

The business also recently declared 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 is an increase from VanEck High Yield Muni ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.