VanEck High Yield Muni ETF (BATS:HYD) Sets New 52-Week Low – Should You Sell?

Shares of VanEck High Yield Muni ETF (BATS:HYD) hit a new 52-week low during trading on Tuesday . The stock traded as low as $48.80 and last traded at $48.8560, with a volume of 244032 shares. The stock had previously closed at $48.95.

VanEck High Yield Muni ETF Stock Down 0.2%

The business’s fifty day moving average is $50.30 and its two-hundred day moving average is $50.75.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wedmont Private Capital increased its stake in VanEck High Yield Muni ETF by 0.5% during the 2nd quarter. Wedmont Private Capital now owns 37,836 shares of the company’s stock worth $1,940,000 after purchasing an additional 200 shares in the last quarter. Accredited Investor Services LLC grew its holdings in shares of VanEck High Yield Muni ETF by 3.0% in the 4th quarter. Accredited Investor Services LLC now owns 8,213 shares of the company’s stock valued at $420,000 after acquiring an additional 238 shares in the last quarter. Balefire LLC increased its position in shares of VanEck High Yield Muni ETF by 3.7% during the 1st quarter. Balefire LLC now owns 7,494 shares of the company’s stock worth $376,000 after purchasing an additional 267 shares during the last quarter. Waverly Advisors LLC increased its holdings in VanEck High Yield Muni ETF by 2.3% during the second quarter. Waverly Advisors LLC now owns 13,047 shares of the company’s stock worth $672,000 after buying an additional 294 shares during the last quarter. Finally, Melone Private Wealth LLC increased its stake in shares of VanEck High Yield Muni ETF by 0.9% during the 2nd quarter. Melone Private Wealth LLC now owns 32,636 shares of the company’s stock worth $1,681,000 after purchasing an additional 306 shares during the last quarter.

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.