Wealthfront Advisers LLC Has $1.63 Million Stake in VanEck High Yield Muni ETF $HYD

Wealthfront Advisers LLC lifted its stake in VanEck High Yield Muni ETF (BATS:HYD) by 48.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,011 shares of the company’s stock after purchasing an additional 10,424 shares during the quarter. Wealthfront Advisers LLC’s holdings in VanEck High Yield Muni ETF were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Yeomans Consulting Group Inc. boosted its stake in shares of VanEck High Yield Muni ETF by 0.9% during the 3rd quarter. Yeomans Consulting Group Inc. now owns 22,938 shares of the company’s stock valued at $1,165,000 after buying an additional 200 shares during the period. Nwam LLC raised its holdings in shares of VanEck High Yield Muni ETF by 0.9% during the third quarter. Nwam LLC now owns 25,656 shares of the company’s stock worth $1,314,000 after acquiring an additional 218 shares in the last quarter. Balefire LLC raised its holdings in shares of VanEck High Yield Muni ETF by 3.9% during the third quarter. Balefire LLC now owns 7,139 shares of the company’s stock worth $363,000 after acquiring an additional 269 shares in the last quarter. Binnacle Investments Inc boosted its position in VanEck High Yield Muni ETF by 12.4% during the second quarter. Binnacle Investments Inc now owns 2,783 shares of the company’s stock valued at $140,000 after purchasing an additional 306 shares during the last quarter. Finally, Melone Private Wealth LLC grew its stake in VanEck High Yield Muni ETF by 1.0% in the third quarter. Melone Private Wealth LLC now owns 33,548 shares of the company’s stock valued at $1,708,000 after purchasing an additional 338 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 0.1%

Shares of HYD stock opened at $51.24 on Friday. VanEck High Yield Muni ETF has a fifty-two week low of $47.78 and a fifty-two week high of $52.53. The stock’s 50-day moving average is $51.14 and its two-hundred day moving average is $50.68.

VanEck High Yield Muni ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.1859 dividend. This is an increase from VanEck High Yield Muni ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, February 2nd.

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.