Advyzon Investment Management LLC Invests $1.31 Million in VanEck High Yield Muni ETF (BATS:HYD)

Advyzon Investment Management LLC purchased a new stake in VanEck High Yield Muni ETF (BATS:HYD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,178 shares of the company’s stock, valued at approximately $1,307,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grimes & Company Inc. boosted its holdings in shares of VanEck High Yield Muni ETF by 4.4% during the fourth quarter. Grimes & Company Inc. now owns 1,189,221 shares of the company’s stock worth $61,732,000 after purchasing an additional 50,578 shares during the period. Assetmark Inc. increased its stake in shares of VanEck High Yield Muni ETF by 4.9% in the third quarter. Assetmark Inc. now owns 1,053,426 shares of the company’s stock worth $55,905,000 after acquiring an additional 49,277 shares during the last quarter. Ocean Park Asset Management LLC raised its holdings in shares of VanEck High Yield Muni ETF by 98.0% during the fourth quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock worth $33,690,000 after acquiring an additional 321,160 shares in the last quarter. Forum Financial Management LP grew its stake in VanEck High Yield Muni ETF by 6.0% in the third quarter. Forum Financial Management LP now owns 643,392 shares of the company’s stock valued at $34,145,000 after purchasing an additional 36,316 shares in the last quarter. Finally, MML Investors Services LLC increased its position in VanEck High Yield Muni ETF by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 217,092 shares of the company’s stock worth $11,521,000 after purchasing an additional 12,404 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

HYD opened at $51.84 on Thursday. The business’s fifty day moving average price is $51.82 and its 200-day moving average price is $52.24.

VanEck High Yield Muni ETF Increases Dividend

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

About VanEck High Yield Muni ETF

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.