Avantax Planning Partners Inc. Sells 25,497 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Avantax Planning Partners Inc. lowered its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,858 shares of the company’s stock after selling 25,497 shares during the quarter. VanEck High Yield Muni ETF comprises 0.6% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 28th biggest holding. Avantax Planning Partners Inc. owned about 0.58% of VanEck High Yield Muni ETF worth $17,071,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HYD. Spire Wealth Management boosted its position in shares of VanEck High Yield Muni ETF by 69.6% during the 4th quarter. Spire Wealth Management now owns 475 shares of the company’s stock valued at $25,000 after purchasing an additional 195 shares in the last quarter. Moser Wealth Advisors LLC bought a new position in shares of VanEck High Yield Muni ETF during the 3rd quarter worth approximately $53,000. Farther Finance Advisors LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 1,541.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $85,000 after buying an additional 1,511 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of VanEck High Yield Muni ETF during the 4th quarter worth approximately $170,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at $198,000.

VanEck High Yield Muni ETF Price Performance

Shares of BATS HYD opened at $51.91 on Tuesday. The company’s fifty day simple moving average is $51.89 and its 200 day simple moving average is $52.22. VanEck High Yield Muni ETF has a 12-month low of $50.78 and a 12-month high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1588 dividend. The ex-dividend date was Monday, March 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.