Brindle & Bay Financial Advisors LLC Makes New Investment in VanEck High Yield Muni ETF $HYD

Brindle & Bay Financial Advisors LLC acquired a new stake in shares of VanEck High Yield Muni ETF (BATS:HYD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,280 shares of the company’s stock, valued at approximately $934,000. VanEck High Yield Muni ETF makes up approximately 0.6% of Brindle & Bay Financial Advisors LLC’s portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. US Bancorp DE grew its position in VanEck High Yield Muni ETF by 101.1% during the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of VanEck High Yield Muni ETF in the third quarter worth $30,000. CoreCap Advisors LLC raised its holdings in shares of VanEck High Yield Muni ETF by 753.2% in the third quarter. CoreCap Advisors LLC now owns 657 shares of the company’s stock worth $33,000 after buying an additional 580 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of VanEck High Yield Muni ETF during the third quarter worth $35,000. Finally, Northwest Capital Management Inc acquired a new stake in shares of VanEck High Yield Muni ETF during the third quarter worth $38,000.

VanEck High Yield Muni ETF Price Performance

BATS HYD opened at $51.21 on Friday. The stock’s fifty day moving average price is $50.84 and its 200 day moving average price is $50.99. 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 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.