VanEck High Yield Muni ETF (BATS:HYD) Hits New 12-Month Low – What’s Next?

VanEck High Yield Muni ETF (BATS:HYD)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $49.39 and last traded at $49.3750, with a volume of 337102 shares changing hands. The stock had previously closed at $49.45.

VanEck High Yield Muni ETF Stock Performance

The business’s 50-day moving average is $50.50 and its two-hundred day moving average is $50.81.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position 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 valued at $1,038,402,000 after buying an additional 3,239,944 shares during the period. Sei Investments Co. boosted its stake in shares of VanEck High Yield Muni ETF by 8.2% in the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock valued at $175,868,000 after purchasing an additional 264,550 shares during the period. American Family Investments Inc. acquired a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth $148,607,000. HighTower Advisors LLC raised its position in VanEck High Yield Muni ETF by 663.5% in the 4th quarter. HighTower Advisors LLC now owns 2,499,427 shares of the company’s stock valued at $127,771,000 after purchasing an additional 2,172,057 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of VanEck High Yield Muni ETF by 4.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,040,068 shares of the company’s stock valued at $104,288,000 after purchasing an additional 79,434 shares during the last quarter.

About VanEck High Yield Muni ETF

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.