VanEck High Yield Muni ETF (BATS:HYD) Shares Bought by IFP Advisors Inc

IFP Advisors Inc raised its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 22.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,130 shares of the company’s stock after buying an additional 1,645 shares during the period. IFP Advisors Inc’s holdings in VanEck High Yield Muni ETF were worth $474,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HYD. Ocean Park Asset Management LLC raised its stake in shares of VanEck High Yield Muni ETF by 98.0% during the 4th quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock valued at $33,690,000 after buying an additional 321,160 shares during the last quarter. Stifel Financial Corp raised its stake in shares of VanEck High Yield Muni ETF by 108.9% during the 3rd quarter. Stifel Financial Corp now owns 169,159 shares of the company’s stock valued at $8,977,000 after buying an additional 88,184 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of VanEck High Yield Muni ETF during the 3rd quarter valued at about $3,505,000. Brady Martz Wealth Solutions LLC purchased a new position in shares of VanEck High Yield Muni ETF during the 4th quarter valued at about $3,329,000. Finally, Kestra Investment Management LLC raised its stake in shares of VanEck High Yield Muni ETF by 61.5% during the 3rd quarter. Kestra Investment Management LLC now owns 163,570 shares of the company’s stock valued at $8,681,000 after buying an additional 62,278 shares during the last quarter.

VanEck High Yield Muni ETF Stock Up 2.2 %

BATS HYD opened at $52.50 on Friday. The company’s fifty day moving average is $51.84 and its 200-day moving average is $52.24.

VanEck High Yield Muni ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.2067 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from VanEck High Yield Muni ETF’s previous dividend of $0.18.

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.