Exchange Traded Concepts LLC Grows Position in VanEck High Yield Muni ETF $HYD

Exchange Traded Concepts LLC raised its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 48.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,805 shares of the company’s stock after buying an additional 13,379 shares during the period. Exchange Traded Concepts LLC owned about 0.06% of VanEck High Yield Muni ETF worth $2,086,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HYD. Yeomans Consulting Group Inc. grew its stake in shares of 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 buying an additional 200 shares in the last quarter. Strategic Investment Advisors MI grew 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 purchasing an additional 207 shares in the last quarter. Nwam LLC increased its holdings 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 worth $1,314,000 after purchasing an additional 218 shares during the last quarter. Willis Johnson & Associates Inc. increased its stake in shares of VanEck High Yield Muni ETF by 2.0% in the third quarter. Willis Johnson & Associates Inc. now owns 12,810 shares of the company’s stock worth $652,000 after buying an additional 247 shares during the last quarter. Finally, Balefire LLC increased its position 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 worth $363,000 after purchasing an additional 269 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

Shares of VanEck High Yield Muni ETF stock opened at $50.38 on Thursday. VanEck High Yield Muni ETF has a fifty-two week low of $47.78 and a fifty-two week high of $51.66. The business has a 50-day moving average price of $50.89 and a 200 day moving average price of $50.97.

VanEck High Yield Muni ETF Cuts Dividend

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

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.