VanEck High Yield Muni ETF (BATS:HYD) Sets New 1-Year High – Here’s Why

VanEck High Yield Muni ETF (BATS:HYD) shares hit a new 52-week high during trading on Monday . The stock traded as high as $51.68 and last traded at $51.68, with a volume of 743860 shares traded. The stock had previously closed at $51.47.

VanEck High Yield Muni ETF Price Performance

The company has a 50-day moving average price of $51.16 and a 200-day moving average price of $51.05.

Institutional Trading of VanEck High Yield Muni ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Basecamp Wealth Advisors LLC bought a new stake in shares of VanEck High Yield Muni ETF in the first quarter valued at approximately $37,000. FAS Wealth Partners Inc. grew its position in VanEck High Yield Muni ETF by 1.9% in the 1st quarter. FAS Wealth Partners Inc. now owns 44,642 shares of the company’s stock worth $2,238,000 after purchasing an additional 817 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of VanEck High Yield Muni ETF during the 1st quarter worth about $102,000. Bank of America Corp DE increased its holdings in shares of VanEck High Yield Muni ETF by 18.5% during the 1st quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock worth $1,038,402,000 after purchasing an additional 3,239,944 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in shares of VanEck High Yield Muni ETF during the first quarter valued at about $1,563,000.

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.