Magnus Financial Group LLC Sells 2,974 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Magnus Financial Group LLC lowered its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,685 shares of the company’s stock after selling 2,974 shares during the period. Magnus Financial Group LLC’s holdings in VanEck High Yield Muni ETF were worth $814,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Moser Wealth Advisors LLC purchased a new stake in VanEck High Yield Muni ETF in the third quarter worth $53,000. Farther Finance Advisors LLC raised its stake in VanEck High Yield Muni ETF by 1,541.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock valued at $85,000 after acquiring an additional 1,511 shares during the period. EP Wealth Advisors LLC purchased a new stake in VanEck High Yield Muni ETF during the third quarter valued at about $198,000. Coastline Trust Co bought a new position in VanEck High Yield Muni ETF during the third quarter worth about $224,000. Finally, Breakwater Capital Group increased its stake in shares of VanEck High Yield Muni ETF by 10.7% in the fourth quarter. Breakwater Capital Group now owns 4,383 shares of the company’s stock worth $228,000 after purchasing an additional 422 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

BATS HYD opened at $51.86 on Thursday. The company has a 50-day simple moving average of $52.08 and a 200 day simple moving average of $52.29.

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.