1620 Investment Advisors Inc. Trims Stake in VanEck High Yield Muni ETF (BATS:HYD)

1620 Investment Advisors Inc. reduced its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 34.6% in the fourth quarter, Holdings Channel reports. The firm owned 1,078 shares of the company’s stock after selling 570 shares during the period. 1620 Investment Advisors Inc.’s holdings in VanEck High Yield Muni ETF were worth $56,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Spire Wealth Management grew its position in shares of VanEck High Yield Muni ETF by 69.6% during the 4th quarter. Spire Wealth Management now owns 475 shares of the company’s stock valued at $25,000 after purchasing an additional 195 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of VanEck High Yield Muni ETF during the 4th quarter valued at $170,000. EP Wealth Advisors LLC purchased a new position in shares of VanEck High Yield Muni ETF during the 3rd quarter valued at $198,000. Breakwater Capital Group grew its position in shares of VanEck High Yield Muni ETF by 10.7% during the 4th quarter. Breakwater Capital Group now owns 4,383 shares of the company’s stock valued at $228,000 after purchasing an additional 422 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new position in shares of VanEck High Yield Muni ETF during the 4th quarter valued at $226,000.

VanEck High Yield Muni ETF Stock Performance

HYD opened at $51.72 on Friday. VanEck High Yield Muni ETF has a one year low of $50.78 and a one year high of $53.10. The company has a fifty day moving average price of $51.86 and a 200-day moving average price of $52.18.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1588 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.