Stifel Financial Corp Sells 7,750 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Stifel Financial Corp cut its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 161,409 shares of the company’s stock after selling 7,750 shares during the quarter. Stifel Financial Corp’s holdings in VanEck High Yield Muni ETF were worth $8,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HYD. Spire Wealth Management lifted its position in shares of VanEck High Yield Muni ETF by 69.6% during the 4th quarter. Spire Wealth Management now owns 475 shares of the company’s stock worth $25,000 after buying an additional 195 shares in the last quarter. Advisory Services Network LLC lifted its holdings in VanEck High Yield Muni ETF by 4.6% during the fourth quarter. Advisory Services Network LLC now owns 4,504 shares of the company’s stock worth $234,000 after acquiring an additional 199 shares during the period. Mather Group LLC. lifted its holdings in VanEck High Yield Muni ETF by 0.4% during the fourth quarter. Mather Group LLC. now owns 55,146 shares of the company’s stock worth $2,863,000 after acquiring an additional 247 shares during the period. Summit Financial LLC boosted its position in VanEck High Yield Muni ETF by 3.1% in the fourth quarter. Summit Financial LLC now owns 9,686 shares of the company’s stock worth $503,000 after purchasing an additional 287 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in VanEck High Yield Muni ETF by 153.7% in the 4th quarter. Headlands Technologies LLC now owns 576 shares of the company’s stock valued at $30,000 after purchasing an additional 349 shares during the period.

VanEck High Yield Muni ETF Trading Down 2.4 %

BATS HYD opened at $50.14 on Monday. The business’s fifty day moving average is $51.00 and its 200-day moving average is $51.70. VanEck High Yield Muni ETF has a one year low of $47.78 and a one year 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 paid a $0.1588 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

VanEck High Yield Muni ETF 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.