Sofi Wealth LLC Grows Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Sofi Wealth LLC raised its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,902 shares of the company’s stock after purchasing an additional 7,564 shares during the quarter. VanEck High Yield Muni ETF comprises approximately 0.3% of Sofi Wealth LLC’s portfolio, making the stock its 11th largest holding. Sofi Wealth LLC owned about 0.16% of VanEck High Yield Muni ETF worth $4,719,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management acquired a new position in VanEck High Yield Muni ETF in the fourth quarter valued at $523,000. Arkadios Wealth Advisors acquired a new position in VanEck High Yield Muni ETF in the fourth quarter valued at $315,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in VanEck High Yield Muni ETF in the fourth quarter valued at $170,000. Principal Securities Inc. increased its stake in VanEck High Yield Muni ETF by 738.8% in the fourth quarter. Principal Securities Inc. now owns 7,180 shares of the company’s stock valued at $373,000 after purchasing an additional 6,324 shares during the period. Finally, Westside Investment Management Inc. increased its stake in VanEck High Yield Muni ETF by 12.8% in the fourth quarter. Westside Investment Management Inc. now owns 26,099 shares of the company’s stock valued at $1,355,000 after purchasing an additional 2,966 shares during the period.

VanEck High Yield Muni ETF Trading Up 1.5 %

BATS HYD opened at $52.15 on Tuesday. The company has a 50 day simple moving average of $51.79 and a two-hundred day simple moving average of $52.24.

VanEck High Yield Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.2067 dividend. This is an increase from VanEck High Yield Muni ETF’s previous dividend of $0.18. The ex-dividend date of this dividend was Monday, February 3rd.

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.