Main Street Group LTD Decreases Stock Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Main Street Group LTD reduced its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 27.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 657 shares of the company’s stock after selling 249 shares during the quarter. Main Street Group LTD’s holdings in VanEck High Yield Muni ETF were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ellevest Inc. increased its position in shares of VanEck High Yield Muni ETF by 2.3% in the fourth quarter. Ellevest Inc. now owns 200,911 shares of the company’s stock valued at $10,429,000 after buying an additional 4,571 shares in the last quarter. EP Wealth Advisors LLC grew its stake in VanEck High Yield Muni ETF by 11.5% in the 4th quarter. EP Wealth Advisors LLC now owns 4,156 shares of the company’s stock valued at $216,000 after acquiring an additional 430 shares during the last quarter. Captrust Financial Advisors increased its holdings in VanEck High Yield Muni ETF by 1.3% during the 4th quarter. Captrust Financial Advisors now owns 37,409 shares of the company’s stock valued at $1,942,000 after acquiring an additional 467 shares in the last quarter. Baird Financial Group Inc. raised its position in VanEck High Yield Muni ETF by 0.5% during the fourth quarter. Baird Financial Group Inc. now owns 39,364 shares of the company’s stock worth $2,043,000 after acquiring an additional 198 shares during the last quarter. Finally, Baker Avenue Asset Management LP raised its position in VanEck High Yield Muni ETF by 8.0% during the fourth quarter. Baker Avenue Asset Management LP now owns 17,284 shares of the company’s stock worth $897,000 after acquiring an additional 1,282 shares during the last quarter.

VanEck High Yield Muni ETF Trading Down 2.5%

HYD stock opened at $50.08 on Wednesday. The company’s 50 day simple moving average is $50.53 and its 200-day simple moving average is $51.51. VanEck High Yield Muni ETF has a 12 month low of $47.78 and a 12 month high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders 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.

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.