ACT Wealth Management LLC Makes New Investment in VanEck High Yield Muni ETF $HYD

ACT Wealth Management LLC acquired a new stake in shares of VanEck High Yield Muni ETF (BATS:HYD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,662 shares of the company’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYD. US Bancorp DE boosted its stake 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 valued at $27,000 after purchasing an additional 271 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in VanEck High Yield Muni ETF during the third quarter valued at about $30,000. CoreCap Advisors LLC boosted its stake in VanEck High Yield Muni ETF by 753.2% during the third quarter. CoreCap Advisors LLC now owns 657 shares of the company’s stock valued at $33,000 after buying an additional 580 shares in the last quarter. Mather Group LLC. acquired a new position in VanEck High Yield Muni ETF during the third quarter worth about $35,000. Finally, Northwest Capital Management Inc acquired a new position in VanEck High Yield Muni ETF during the third quarter worth about $38,000.

VanEck High Yield Muni ETF Trading Up 0.3%

Shares of VanEck High Yield Muni ETF stock opened at $50.14 on Wednesday. VanEck High Yield Muni ETF has a 52 week low of $47.78 and a 52 week high of $51.66. The company’s 50-day moving average price is $50.90 and its two-hundred day moving average price is $50.97.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1717 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

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.