Great Valley Advisor Group Inc. Has $3.88 Million Position in VanEck High Yield Muni ETF (BATS:HYD)

Great Valley Advisor Group Inc. cut its position in VanEck High Yield Muni ETF (BATS:HYD) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,075 shares of the company’s stock after selling 4,228 shares during the period. Great Valley Advisor Group Inc. owned 0.13% of VanEck High Yield Muni ETF worth $3,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lincoln National Corp boosted its position in VanEck High Yield Muni ETF by 30.8% in the third quarter. Lincoln National Corp now owns 7,245 shares of the company’s stock valued at $356,000 after buying an additional 1,705 shares in the last quarter. Foster & Motley Inc. boosted its position in VanEck High Yield Muni ETF by 1.5% in the third quarter. Foster & Motley Inc. now owns 19,181 shares of the company’s stock valued at $941,000 after buying an additional 290 shares in the last quarter. FAS Wealth Partners Inc. boosted its position in VanEck High Yield Muni ETF by 33.1% in the fourth quarter. FAS Wealth Partners Inc. now owns 62,394 shares of the company’s stock valued at $3,221,000 after buying an additional 15,512 shares in the last quarter. IFG Advisory LLC raised its stake in shares of VanEck High Yield Muni ETF by 8.2% in the fourth quarter. IFG Advisory LLC now owns 14,021 shares of the company’s stock worth $724,000 after acquiring an additional 1,066 shares during the last quarter. Finally, Grimes & Company Inc. bought a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $56,648,000.

VanEck High Yield Muni ETF Stock Up 0.1 %

Shares of BATS HYD opened at $51.05 on Thursday. The business has a fifty day moving average of $51.73 and a 200-day moving average of $50.86.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1942 per share. The ex-dividend date of this dividend was Monday, April 1st.

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.