VanEck High Yield Muni ETF (BATS:HYD) Stock Position Reduced by Boston Research & Management Inc.

Boston Research & Management Inc. lessened its stake in VanEck High Yield Muni ETF (BATS:HYD) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,690 shares of the company’s stock after selling 1,822 shares during the quarter. Boston Research & Management Inc.’s holdings in VanEck High Yield Muni ETF were worth $1,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Ocean LLC raised its holdings in shares of VanEck High Yield Muni ETF by 239.2% during the second quarter. Private Ocean LLC now owns 522,578 shares of the company’s stock worth $26,991,000 after acquiring an additional 368,527 shares in the last quarter. Counterpoint Mutual Funds LLC grew its stake in shares of VanEck High Yield Muni ETF by 103.5% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 657,359 shares of the company’s stock valued at $34,354,000 after buying an additional 334,308 shares in the last quarter. Sei Investments Co. lifted its stake in VanEck High Yield Muni ETF by 10.0% in the first quarter. Sei Investments Co. now owns 3,525,337 shares of the company’s stock valued at $184,233,000 after acquiring an additional 320,915 shares during the last quarter. Forum Financial Management LP lifted its stake in shares of VanEck High Yield Muni ETF by 61.7% in the 2nd quarter. Forum Financial Management LP now owns 607,076 shares of the company’s stock valued at $31,355,000 after purchasing an additional 231,543 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $9,624,000.

VanEck High Yield Muni ETF Price Performance

HYD opened at $52.81 on Friday. The stock has a fifty day moving average of $52.40 and a 200 day moving average of $51.97.

VanEck High Yield Muni ETF Cuts Dividend

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