HighTower Advisors LLC Purchases 2,172,057 Shares of VanEck High Yield Muni ETF $HYD

HighTower Advisors LLC increased its position in VanEck High Yield Muni ETF (BATS:HYD) by 663.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,499,427 shares of the company’s stock after acquiring an additional 2,172,057 shares during the quarter. HighTower Advisors LLC owned about 3.78% of VanEck High Yield Muni ETF worth $127,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. American Family Investments Inc. acquired a new position in shares of VanEck High Yield Muni ETF during the 4th quarter worth about $148,607,000. Bank of America Corp DE grew its holdings in VanEck High Yield Muni ETF by 7.4% in the 3rd quarter. Bank of America Corp DE now owns 16,531,313 shares of the company’s stock valued at $841,444,000 after buying an additional 1,133,993 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in VanEck High Yield Muni ETF in the 3rd quarter valued at approximately $18,230,000. Mercer Global Advisors Inc. ADV increased its position in VanEck High Yield Muni ETF by 349.6% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 277,083 shares of the company’s stock worth $14,104,000 after buying an additional 215,450 shares during the period. Finally, Man Group plc increased its position in VanEck High Yield Muni ETF by 1,889.8% in the 3rd quarter. Man Group plc now owns 208,809 shares of the company’s stock worth $10,628,000 after buying an additional 198,315 shares during the period.

VanEck High Yield Muni ETF Trading Down 0.1%

Shares of HYD stock opened at $50.49 on Wednesday. VanEck High Yield Muni ETF has a 12 month low of $48.85 and a 12 month high of $51.66. The stock has a 50 day moving average of $50.75 and a 200-day moving average of $50.98.

VanEck High Yield Muni ETF Company 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.