Charles Schwab Investment Management Inc. Decreases Stake in VanEck High Yield Muni ETF (BATS:HYD)

Charles Schwab Investment Management Inc. lessened its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,714 shares of the company’s stock after selling 6,761 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.14% of VanEck High Yield Muni ETF worth $4,190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Spire Wealth Management increased its holdings in 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 during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck High Yield Muni ETF during the fourth quarter valued at approximately $170,000. EP Wealth Advisors LLC purchased a new stake in VanEck High Yield Muni ETF in the third quarter worth $198,000. Sovran Advisors LLC bought a new stake in VanEck High Yield Muni ETF in the fourth quarter valued at $226,000. Finally, Breakwater Capital Group increased its position in 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 during the period.

VanEck High Yield Muni ETF Stock Down 0.7 %

BATS:HYD opened at $51.02 on Thursday. The company has a 50-day moving average price of $51.86 and a 200-day moving average price of $52.16. VanEck High Yield Muni ETF has a 12 month low of $50.78 and a 12 month high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1588 dividend. 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.