Verus Capital Partners LLC Purchases 448 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Verus Capital Partners LLC lifted its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 6.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,395 shares of the company’s stock after buying an additional 448 shares during the quarter. Verus Capital Partners LLC’s holdings in VanEck High Yield Muni ETF were worth $386,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Sei Investments Co. lifted its position in shares of VanEck High Yield Muni ETF by 10.0% in the first quarter. Sei Investments Co. now owns 3,525,337 shares of the company’s stock valued at $184,233,000 after acquiring an additional 320,915 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in VanEck High Yield Muni ETF by 3.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 8,608 shares of the company’s stock valued at $450,000 after purchasing an additional 276 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in VanEck High Yield Muni ETF by 4.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 35,548 shares of the company’s stock worth $1,858,000 after purchasing an additional 1,453 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in VanEck High Yield Muni ETF by 44.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 37,055 shares of the company’s stock worth $1,937,000 after purchasing an additional 11,376 shares during the period. Finally, Csenge Advisory Group boosted its stake in VanEck High Yield Muni ETF by 62.3% in the 1st quarter. Csenge Advisory Group now owns 16,548 shares of the company’s stock worth $865,000 after purchasing an additional 6,353 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of VanEck High Yield Muni ETF stock traded down $0.12 on Tuesday, hitting $52.22. 251,605 shares of the company traded hands. The company’s 50 day moving average price is $51.81 and its 200-day moving average price is $51.65.

VanEck High Yield Muni ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a $0.1882 dividend. This is an increase from VanEck High Yield Muni ETF’s previous dividend of $0.19. The ex-dividend date was Monday, July 1st.

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.