VanEck High Yield Muni ETF (BATS:HYD) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its stake in VanEck High Yield Muni ETF (BATS:HYD) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,868 shares of the company’s stock after selling 13,442 shares during the period. Cetera Investment Advisers’ holdings in VanEck High Yield Muni ETF were worth $9,804,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC increased its holdings in VanEck High Yield Muni ETF by 179,713.4% in the fourth quarter. Wealthfront Advisers LLC now owns 39,219,100 shares of the company’s stock valued at $2,035,863,000 after buying an additional 39,197,289 shares in the last quarter. Bank of America Corp DE increased its holdings in VanEck High Yield Muni ETF by 8.7% in the fourth quarter. Bank of America Corp DE now owns 9,872,069 shares of the company’s stock valued at $512,459,000 after buying an additional 790,557 shares in the last quarter. Sei Investments Co. increased its holdings in VanEck High Yield Muni ETF by 4.6% in the fourth quarter. Sei Investments Co. now owns 3,248,541 shares of the company’s stock valued at $168,632,000 after buying an additional 141,388 shares in the last quarter. FMR LLC increased its holdings in VanEck High Yield Muni ETF by 132.1% in the fourth quarter. FMR LLC now owns 1,782,883 shares of the company’s stock valued at $92,549,000 after buying an additional 1,014,701 shares in the last quarter. Finally, Grimes & Company Inc. increased its holdings in VanEck High Yield Muni ETF by 4.4% in the fourth quarter. Grimes & Company Inc. now owns 1,189,221 shares of the company’s stock valued at $61,732,000 after buying an additional 50,578 shares in the last quarter.

VanEck High Yield Muni ETF Stock Down 2.3%

BATS:HYD opened at $50.14 on Monday. VanEck High Yield Muni ETF has a 52-week low of $47.78 and a 52-week high of $53.10. The stock has a fifty day simple moving average of $50.60 and a 200-day simple moving average of $51.54.

VanEck High Yield Muni ETF Cuts Dividend

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