Raymond James Financial Inc. Acquires Shares of 196,786 VanEck High Yield Muni ETF (BATS:HYD)

Raymond James Financial Inc. acquired a new stake in VanEck High Yield Muni ETF (BATS:HYD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 196,786 shares of the company’s stock, valued at approximately $10,215,000. Raymond James Financial Inc. owned about 0.35% of VanEck High Yield Muni ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in shares of VanEck High Yield Muni ETF by 12.1% in the third quarter. Avior Wealth Management LLC now owns 8,923 shares of the company’s stock valued at $474,000 after purchasing an additional 961 shares during the period. Nwam LLC acquired a new position in shares of VanEck High Yield Muni ETF in the third quarter valued at approximately $425,000. Great Valley Advisor Group Inc. increased its holdings in shares of VanEck High Yield Muni ETF by 1.4% in the third quarter. Great Valley Advisor Group Inc. now owns 77,826 shares of the company’s stock valued at $4,130,000 after purchasing an additional 1,105 shares during the period. Private Trust Co. NA increased its holdings in shares of VanEck High Yield Muni ETF by 115.5% in the third quarter. Private Trust Co. NA now owns 5,717 shares of the company’s stock valued at $303,000 after purchasing an additional 3,064 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in VanEck High Yield Muni ETF by 4.1% during the third quarter. D.A. Davidson & CO. now owns 10,380 shares of the company’s stock worth $551,000 after acquiring an additional 408 shares during the period.

VanEck High Yield Muni ETF Stock Up 0.7 %

Shares of HYD stock opened at $51.72 on Friday. The business’s fifty day moving average price is $51.86 and its 200 day moving average price is $52.18. VanEck High Yield Muni ETF has a 1-year low of $50.78 and a 1-year high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors 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.

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.