Seamount Financial Group Inc. Invests $238,000 in VanEck High Yield Muni ETF (BATS:HYD)

Seamount Financial Group Inc. purchased a new stake in VanEck High Yield Muni ETF (BATS:HYD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,581 shares of the company’s stock, valued at approximately $238,000.

A number of other institutional investors have also recently made changes to their positions in HYD. Martel Wealth Advisors Inc boosted its position in VanEck High Yield Muni ETF by 2.8% in the 3rd quarter. Martel Wealth Advisors Inc now owns 37,959 shares of the company’s stock valued at $2,003,000 after buying an additional 1,030 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of VanEck High Yield Muni ETF during the third quarter valued at $459,000. CX Institutional increased its position in shares of VanEck High Yield Muni ETF by 2.0% in the 3rd quarter. CX Institutional now owns 162,539 shares of the company’s stock valued at $8,626,000 after acquiring an additional 3,204 shares during the period. Magnus Financial Group LLC raised its stake in VanEck High Yield Muni ETF by 20.8% in the 3rd quarter. Magnus Financial Group LLC now owns 18,659 shares of the company’s stock worth $990,000 after acquiring an additional 3,208 shares during the last quarter. Finally, FLC Capital Advisors boosted its position in VanEck High Yield Muni ETF by 7.1% in the third quarter. FLC Capital Advisors now owns 8,009 shares of the company’s stock valued at $425,000 after buying an additional 533 shares during the last quarter.

VanEck High Yield Muni ETF Trading Up 1.2 %

VanEck High Yield Muni ETF stock opened at $51.99 on Friday. The business’s 50 day moving average is $51.96 and its 200-day moving average is $52.27.

VanEck High Yield Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.2067 dividend. This is a positive change from VanEck High Yield Muni ETF’s previous dividend of $0.18. The ex-dividend date of this dividend was Monday, February 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.