Wealthfront Advisers LLC Has $2.04 Billion Position in VanEck High Yield Muni ETF (BATS:HYD)

Wealthfront Advisers LLC boosted its position in VanEck High Yield Muni ETF (BATS:HYD) by 179,713.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,219,100 shares of the company’s stock after purchasing an additional 39,197,289 shares during the period. VanEck High Yield Muni ETF accounts for about 1.7% of Wealthfront Advisers LLC’s portfolio, making the stock its 15th biggest holding. Wealthfront Advisers LLC owned about 68.99% of VanEck High Yield Muni ETF worth $2,035,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HYD. Brookstone Capital Management acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at about $523,000. Arkadios Wealth Advisors acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at about $315,000. Jones Financial Companies Lllp increased its stake in shares of VanEck High Yield Muni ETF by 67.9% in the fourth quarter. Jones Financial Companies Lllp now owns 19,161 shares of the company’s stock valued at $995,000 after buying an additional 7,748 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at about $170,000. Finally, Principal Securities Inc. increased its stake in shares of 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 buying an additional 6,324 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of HYD stock opened at $51.91 on Tuesday. The stock has a 50-day moving average of $51.89 and a 200-day moving average of $52.22. VanEck High Yield Muni ETF has a 1-year low of $50.78 and a 1-year high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently declared 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 of this dividend 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.