Bank of New York Mellon Corp Grows Position in VanEck High Yield Muni ETF (BATS:HYD)

Bank of New York Mellon Corp increased its position in VanEck High Yield Muni ETF (BATS:HYD) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 371,171 shares of the company’s stock after purchasing an additional 12,816 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.65% of VanEck High Yield Muni ETF worth $19,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HYD. Grimes & Company Inc. boosted its holdings in VanEck High Yield Muni ETF by 4.4% in the fourth quarter. Grimes & Company Inc. now owns 1,189,221 shares of the company’s stock worth $61,732,000 after acquiring an additional 50,578 shares in the last quarter. Ocean Park Asset Management LLC lifted 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 purchasing an additional 321,160 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of VanEck High Yield Muni ETF by 6.1% during the third quarter. MML Investors Services LLC now owns 217,092 shares of the company’s stock valued at $11,521,000 after purchasing an additional 12,404 shares in the last quarter. CX Institutional lifted its holdings in shares of VanEck High Yield Muni ETF by 22.2% during the fourth quarter. CX Institutional now owns 198,666 shares of the company’s stock valued at $10,313,000 after purchasing an additional 36,127 shares in the last quarter. Finally, RFG Advisory LLC lifted its holdings in shares of VanEck High Yield Muni ETF by 0.4% during the fourth quarter. RFG Advisory LLC now owns 195,938 shares of the company’s stock valued at $10,171,000 after purchasing an additional 799 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 1.1 %

Shares of BATS:HYD opened at $51.91 on Tuesday. VanEck High Yield Muni ETF has a 1 year low of $50.78 and a 1 year high of $53.10. The stock’s fifty day moving average price is $51.89 and its 200-day moving average price is $52.22.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently declared 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 was Monday, March 3rd.

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.