Avidian Wealth Enterprises LLC Takes $3.22 Million Position in VanEck High Yield Muni ETF $HYD

Avidian Wealth Enterprises LLC acquired a new stake in VanEck High Yield Muni ETF (BATS:HYD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 63,217 shares of the company’s stock, valued at approximately $3,218,000. Avidian Wealth Enterprises LLC owned approximately 0.10% of VanEck High Yield Muni ETF as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in VanEck High Yield Muni ETF by 4.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,790,742 shares of the company’s stock valued at $89,913,000 after buying an additional 73,586 shares during the period. Forum Financial Management LP raised its stake 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 acquiring an additional 1,097,133 shares in the last quarter. Assetmark Inc. raised its stake in shares of VanEck High Yield Muni ETF by 4.6% in the second quarter. Assetmark Inc. now owns 1,216,907 shares of the company’s stock valued at $61,101,000 after acquiring an additional 53,682 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings 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 purchasing an additional 37,887 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in VanEck High Yield Muni ETF by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 617,071 shares of the company’s stock worth $30,983,000 after purchasing an additional 48,879 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

Shares of BATS HYD opened at $51.01 on Wednesday. The stock’s 50-day moving average is $51.10 and its two-hundred day moving average is $50.47. VanEck High Yield Muni ETF has a 1-year low of $47.78 and a 1-year high of $53.10.

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.