VanEck High Yield Muni ETF (BATS:HYD – Get Free Report) hit a new 52-week low during trading on Wednesday. The stock traded as low as $47.54 and last traded at $47.6350, with a volume of 34825 shares. The stock had previously closed at $47.90.
VanEck High Yield Muni ETF Trading Down 0.2%
The company’s fifty day simple moving average is $49.47 and its 200-day simple moving average is $50.45.
Institutional Investors Weigh In On VanEck High Yield Muni ETF
Several large investors have recently bought and sold shares of HYD. Bank of America Corp DE lifted its holdings in VanEck High Yield Muni ETF by 18.5% in the 1st quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock valued at $1,038,402,000 after purchasing an additional 3,239,944 shares in the last quarter. Sei Investments Co. boosted its position in VanEck High Yield Muni ETF by 8.2% during the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock worth $175,868,000 after acquiring an additional 264,550 shares during the last quarter. Forum Financial Management LP grew its stake in VanEck High Yield Muni ETF by 1.7% during the 1st quarter. Forum Financial Management LP now owns 1,273,542 shares of the company’s stock valued at $63,855,000 after acquiring an additional 21,471 shares in the last quarter. Ocean Park Asset Management LLC acquired a new stake in VanEck High Yield Muni ETF in the 2nd quarter valued at about $34,290,000. Finally, Envestnet Asset Management Inc. raised its holdings in VanEck High Yield Muni ETF by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 433,620 shares of the company’s stock valued at $22,336,000 after acquiring an additional 7,347 shares during the last quarter.
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.
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