Mercer Global Advisors Inc. ADV Lowers Position in VanEck High Yield Muni ETF (BATS:HYD)

Mercer Global Advisors Inc. ADV trimmed its position in VanEck High Yield Muni ETF (BATS:HYD) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,209 shares of the company’s stock after selling 1,300 shares during the period. Mercer Global Advisors Inc. ADV owned 0.07% of VanEck High Yield Muni ETF worth $2,180,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of VanEck High Yield Muni ETF in the 4th quarter worth about $229,000. Parallel Advisors LLC increased its stake in shares of VanEck High Yield Muni ETF by 170.4% during the fourth quarter. Parallel Advisors LLC now owns 511 shares of the company’s stock valued at $26,000 after purchasing an additional 322 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of VanEck High Yield Muni ETF by 11.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,993 shares of the company’s stock valued at $413,000 after purchasing an additional 847 shares in the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of VanEck High Yield Muni ETF in the 4th quarter worth approximately $1,033,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of VanEck High Yield Muni ETF in the 4th quarter worth approximately $9,624,000.

VanEck High Yield Muni ETF Price Performance

Shares of BATS:HYD opened at $52.79 on Tuesday. The company’s 50-day moving average is $52.42 and its two-hundred day moving average is $51.98.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1803 dividend. The ex-dividend date was Tuesday, September 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.