LPL Financial LLC Buys 40,419 Shares of VanEck High Yield Muni ETF (BATS:HYD)

LPL Financial LLC grew its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 678,608 shares of the company’s stock after purchasing an additional 40,419 shares during the period. LPL Financial LLC owned approximately 1.19% of VanEck High Yield Muni ETF worth $35,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its stake in VanEck High Yield Muni ETF by 179,713.4% during the 4th quarter. Wealthfront Advisers LLC now owns 39,219,100 shares of the company’s stock worth $2,035,863,000 after buying an additional 39,197,289 shares during the period. Ocean Park Asset Management LLC increased its holdings in shares of VanEck High Yield Muni ETF by 98.0% during the fourth quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock valued at $33,690,000 after acquiring an additional 321,160 shares in the last quarter. Sage Mountain Advisors LLC raised its position in shares of VanEck High Yield Muni ETF by 1,388.9% during the fourth quarter. Sage Mountain Advisors LLC now owns 267,056 shares of the company’s stock worth $13,863,000 after purchasing an additional 249,120 shares during the period. American Century Companies Inc. lifted its holdings in shares of VanEck High Yield Muni ETF by 238.7% in the 4th quarter. American Century Companies Inc. now owns 297,400 shares of the company’s stock worth $15,438,000 after purchasing an additional 209,600 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in VanEck High Yield Muni ETF in the 4th quarter valued at $10,215,000.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD stock opened at $51.06 on Friday. The firm has a fifty day simple moving average of $51.83 and a two-hundred day simple moving average of $52.14. VanEck High Yield Muni ETF has a 12 month low of $50.75 and a 12 month high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1588 dividend. The ex-dividend date was Monday, March 3rd.

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.