Counterpoint Mutual Funds LLC Acquires Shares of 358,150 VanEck High Yield Muni ETF $HYD

Counterpoint Mutual Funds LLC acquired a new position in VanEck High Yield Muni ETF (BATS:HYD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 358,150 shares of the company’s stock, valued at approximately $18,230,000. VanEck High Yield Muni ETF makes up 1.4% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 6th biggest position. Counterpoint Mutual Funds LLC owned about 0.54% of VanEck High Yield Muni ETF at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in VanEck High Yield Muni ETF by 4.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,790,742 shares of the company’s stock worth $89,913,000 after buying an additional 73,586 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of 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 acquiring an additional 1,097,133 shares during the period. Assetmark Inc. raised its position in shares of VanEck High Yield Muni ETF by 2.8% in the 3rd quarter. Assetmark Inc. now owns 1,251,194 shares of the company’s stock worth $63,686,000 after acquiring an additional 34,287 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of VanEck High Yield Muni ETF by 3.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,011,144 shares of the company’s stock valued at $50,770,000 after purchasing an additional 37,887 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of VanEck High Yield Muni ETF by 8.6% during the second quarter. Envestnet Asset Management Inc. now owns 617,071 shares of the company’s stock valued at $30,983,000 after purchasing an additional 48,879 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 0.1%

Shares of HYD stock opened at $51.36 on Tuesday. The business’s fifty day moving average is $51.19 and its 200 day moving average is $50.78. VanEck High Yield Muni ETF has a twelve month low of $47.78 and a twelve month high of $52.53.

VanEck High Yield Muni ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.1859 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost 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.