NewSquare Capital LLC Grows Stock Holdings in VanEck High Yield Muni ETF (BATS:HYD)

NewSquare Capital LLC lifted its position in VanEck High Yield Muni ETF (BATS:HYD) by 1.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 108,848 shares of the company’s stock after buying an additional 1,582 shares during the quarter. NewSquare Capital LLC’s holdings in VanEck High Yield Muni ETF were worth $5,650,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Ocean Park Asset Management LLC grew its position in VanEck High Yield Muni ETF by 98.0% in the 4th quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock valued at $33,690,000 after acquiring an additional 321,160 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of VanEck High Yield Muni ETF by 108.9% in the third quarter. Stifel Financial Corp now owns 169,159 shares of the company’s stock valued at $8,977,000 after purchasing an additional 88,184 shares during the period. Confluence Investment Management LLC purchased a new position in shares of VanEck High Yield Muni ETF in the third quarter valued at approximately $3,505,000. Brady Martz Wealth Solutions LLC acquired a new position in shares of VanEck High Yield Muni ETF in the fourth quarter valued at approximately $3,329,000. Finally, Kestra Investment Management LLC increased its stake in VanEck High Yield Muni ETF by 61.5% during the 3rd quarter. Kestra Investment Management LLC now owns 163,570 shares of the company’s stock worth $8,681,000 after buying an additional 62,278 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of HYD stock opened at $51.97 on Wednesday. The firm has a 50 day moving average of $51.87 and a two-hundred day moving average of $52.24. VanEck High Yield Muni ETF has a 52 week low of $50.78 and a 52 week high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be paid a dividend of $0.1588 per share. The ex-dividend date of this dividend is 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.