Invst LLC Invests $428,000 in VanEck High Yield Muni ETF (BATS:HYD)

Invst LLC bought a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,320 shares of the company’s stock, valued at approximately $428,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in VanEck High Yield Muni ETF by 7.7% during the 2nd quarter. Sei Investments Co. now owns 3,796,110 shares of the company’s stock worth $196,067,000 after acquiring an additional 270,773 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in VanEck High Yield Muni ETF by 5.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,529,111 shares of the company’s stock worth $78,981,000 after acquiring an additional 82,090 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in VanEck High Yield Muni ETF by 19.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 873,023 shares of the company’s stock worth $45,092,000 after acquiring an additional 140,807 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of VanEck High Yield Muni ETF by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 818,814 shares of the company’s stock valued at $42,292,000 after acquiring an additional 11,151 shares during the period. Finally, TIAA Trust National Association raised its position in shares of VanEck High Yield Muni ETF by 1.7% in the 1st quarter. TIAA Trust National Association now owns 684,389 shares of the company’s stock worth $35,766,000 after acquiring an additional 11,530 shares in the last quarter.

VanEck High Yield Muni ETF Price Performance

Shares of BATS HYD opened at $53.07 on Tuesday. The stock’s fifty day moving average is $52.46 and its two-hundred day moving average is $52.00.

VanEck High Yield Muni ETF Cuts Dividend

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