Assetmark Inc. Purchases 63,008 Shares of VanEck High Yield Muni ETF $HYD

Assetmark Inc. increased its position in VanEck High Yield Muni ETF (BATS:HYD) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,314,202 shares of the company’s stock after purchasing an additional 63,008 shares during the period. Assetmark Inc. owned approximately 1.99% of VanEck High Yield Muni ETF worth $67,182,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HYD. Yeomans Consulting Group Inc. lifted its stake in 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 valued at $1,165,000 after acquiring an additional 200 shares in the last quarter. Strategic Investment Advisors MI lifted its stake in VanEck High Yield Muni ETF by 2.8% during the 3rd quarter. Strategic Investment Advisors MI now owns 7,597 shares of the company’s stock valued at $387,000 after acquiring an additional 207 shares in the last quarter. Nwam LLC lifted its stake in VanEck High Yield Muni ETF by 0.9% during 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 in the last quarter. K2 Financial Inc. lifted its stake in VanEck High Yield Muni ETF by 1.1% during the 4th quarter. K2 Financial Inc. now owns 19,430 shares of the company’s stock valued at $995,000 after acquiring an additional 220 shares in the last quarter. Finally, Willis Johnson & Associates Inc. lifted its stake in VanEck High Yield Muni ETF by 2.0% during the 3rd quarter. Willis Johnson & Associates Inc. now owns 12,810 shares of the company’s stock valued at $652,000 after acquiring an additional 247 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

Shares of BATS:HYD opened at $51.03 on Tuesday. The stock’s fifty day simple moving average is $50.83 and its two-hundred day simple moving average is $50.97. VanEck High Yield Muni ETF has a 1-year low of $48.85 and a 1-year high of $51.66.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1717 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%.

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.