JPMorgan Chase & Co. Has $2.79 Million Holdings in VanEck High Yield Muni ETF $HYD

JPMorgan Chase & Co. cut its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 67.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,894 shares of the company’s stock after selling 114,103 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of VanEck High Yield Muni ETF worth $2,794,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. US Bancorp DE boosted its stake in shares of 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 acquiring an additional 271 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at approximately $30,000. CoreCap Advisors LLC lifted its holdings in VanEck High Yield Muni ETF by 753.2% in the 3rd quarter. CoreCap Advisors LLC now owns 657 shares of the company’s stock worth $33,000 after purchasing an additional 580 shares during the last quarter. Mather Group LLC. acquired a new stake in VanEck High Yield Muni ETF in the 3rd quarter worth approximately $35,000. Finally, Northwest Capital Management Inc bought a new stake in VanEck High Yield Muni ETF during the third quarter worth approximately $38,000.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD stock opened at $50.58 on Monday. VanEck High Yield Muni ETF has a 12 month low of $47.78 and a 12 month high of $51.66. The business’s 50 day moving average is $50.86 and its two-hundred day moving average is $50.97.

VanEck High Yield Muni ETF Cuts Dividend

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

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.