Xcel Wealth Management LLC Grows Stock Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Xcel Wealth Management LLC increased its position in VanEck High Yield Muni ETF (BATS:HYD) by 20.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,500 shares of the company’s stock after acquiring an additional 1,250 shares during the period. Xcel Wealth Management LLC’s holdings in VanEck High Yield Muni ETF were worth $398,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Foundations Investment Advisors LLC purchased a new stake in VanEck High Yield Muni ETF during the 3rd quarter valued at $671,000. Cyndeo Wealth Partners LLC boosted its holdings in VanEck High Yield Muni ETF by 15.4% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 109,021 shares of the company’s stock worth $5,786,000 after buying an additional 14,541 shares during the period. Revolve Wealth Partners LLC boosted its holdings in VanEck High Yield Muni ETF by 1.9% in the 3rd quarter. Revolve Wealth Partners LLC now owns 180,309 shares of the company’s stock worth $9,569,000 after buying an additional 3,303 shares during the period. Commonwealth Equity Services LLC boosted its holdings in VanEck High Yield Muni ETF by 10.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 905,340 shares of the company’s stock worth $48,046,000 after buying an additional 86,526 shares during the period. Finally, RFG Advisory LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 1.3% during the 3rd quarter. RFG Advisory LLC now owns 195,139 shares of the company’s stock valued at $10,356,000 after purchasing an additional 2,466 shares during the last quarter.

VanEck High Yield Muni ETF Stock Down 0.3 %

Shares of HYD traded down $0.18 during midday trading on Tuesday, hitting $52.54. 383,329 shares of the company traded hands. The firm has a 50 day simple moving average of $52.62 and a 200 day simple moving average of $52.09.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1803 per share. The ex-dividend date was Tuesday, September 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.