Sovran Advisors LLC Purchases New Shares in VanEck High Yield Muni ETF (BATS:HYD)

Sovran Advisors LLC acquired a new position in VanEck High Yield Muni ETF (BATS:HYD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,399 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in VanEck High Yield Muni ETF in the third quarter worth about $459,000. FLC Capital Advisors lifted its stake in shares of VanEck High Yield Muni ETF by 7.1% in the 3rd quarter. FLC Capital Advisors now owns 8,009 shares of the company’s stock valued at $425,000 after purchasing an additional 533 shares during the period. Good Life Advisors LLC lifted its stake in shares of VanEck High Yield Muni ETF by 124.6% in the 3rd quarter. Good Life Advisors LLC now owns 26,784 shares of the company’s stock valued at $1,421,000 after purchasing an additional 14,859 shares during the period. Riversedge Advisors LLC boosted its position in shares of VanEck High Yield Muni ETF by 3.6% during the third quarter. Riversedge Advisors LLC now owns 62,667 shares of the company’s stock valued at $3,326,000 after purchasing an additional 2,178 shares in the last quarter. Finally, Greenup Street Wealth Management LLC purchased a new stake in VanEck High Yield Muni ETF in the third quarter worth $640,000.

VanEck High Yield Muni ETF Stock Up 1.0 %

Shares of VanEck High Yield Muni ETF stock opened at $51.85 on Friday. The firm’s 50 day moving average price is $51.89 and its two-hundred day moving average price is $52.26.

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 given a dividend of $0.2067 per share. This is a boost from VanEck High Yield Muni ETF’s previous dividend of $0.18. The ex-dividend date was Monday, February 3rd.

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.