Bank of America Corp DE Grows Stock Holdings in VanEck High Yield Muni ETF $HYD

Bank of America Corp DE lifted its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,531,313 shares of the company’s stock after acquiring an additional 1,133,993 shares during the quarter. Bank of America Corp DE owned 25.03% of VanEck High Yield Muni ETF worth $841,444,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Yeomans Consulting Group Inc. boosted its holdings in VanEck High Yield Muni ETF by 0.9% in the third quarter. Yeomans Consulting Group Inc. now owns 22,938 shares of the company’s stock valued at $1,165,000 after purchasing an additional 200 shares during the last quarter. Nwam LLC raised its stake in shares of 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 buying an additional 218 shares during the last quarter. Willis Johnson & Associates Inc. raised its stake in shares of 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 buying an additional 247 shares during the last quarter. Balefire LLC lifted its holdings in shares of VanEck High Yield Muni ETF by 3.9% in the 3rd quarter. Balefire LLC now owns 7,139 shares of the company’s stock valued at $363,000 after buying an additional 269 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of VanEck High Yield Muni ETF by 101.1% in the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock valued at $27,000 after buying an additional 271 shares during the period.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD opened at $50.78 on Tuesday. VanEck High Yield Muni ETF has a 52 week low of $47.78 and a 52 week high of $51.99. The stock’s 50-day moving average price is $51.14 and its 200-day moving average price is $50.96.

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 given a $0.1717 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, March 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.