Focus Partners Wealth Has $69.38 Million Stake in VanEck High Yield Muni ETF $HYD

Focus Partners Wealth reduced its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 19.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,361,911 shares of the company’s stock after selling 327,121 shares during the quarter. Focus Partners Wealth’s holdings in VanEck High Yield Muni ETF were worth $69,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HYD. Revolve Wealth Partners LLC lifted its holdings in VanEck High Yield Muni ETF by 6.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 191,107 shares of the company’s stock worth $9,920,000 after buying an additional 10,798 shares in the last quarter. SG Americas Securities LLC bought a new position in VanEck High Yield Muni ETF in the 2nd quarter valued at $392,000. Rockefeller Capital Management L.P. increased its stake in shares of VanEck High Yield Muni ETF by 81.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 74,193 shares of the company’s stock valued at $3,725,000 after buying an additional 33,289 shares during the period. First American Trust FSB increased its stake in shares of VanEck High Yield Muni ETF by 36.5% in the 2nd quarter. First American Trust FSB now owns 13,166 shares of the company’s stock valued at $661,000 after buying an additional 3,524 shares during the period. Finally, United Advisor Group LLC raised its position in shares of VanEck High Yield Muni ETF by 73.3% during the second quarter. United Advisor Group LLC now owns 8,508 shares of the company’s stock worth $427,000 after acquiring an additional 3,599 shares during the last quarter.

VanEck High Yield Muni ETF Stock Up 0.2%

Shares of HYD opened at $50.78 on Tuesday. VanEck High Yield Muni ETF has a 12-month low of $47.78 and a 12-month high of $51.99. The stock’s fifty day simple moving average is $51.14 and its 200-day simple moving average is $50.96.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1717 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 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.