Rehmann Capital Advisory Group Boosts Stake in VanEck High Yield Muni ETF (BATS:HYD)

Rehmann Capital Advisory Group boosted its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 171.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 69,967 shares of the company’s stock after purchasing an additional 44,190 shares during the period. Rehmann Capital Advisory Group’s holdings in VanEck High Yield Muni ETF were worth $3,632,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HYD. Brookstone Capital Management acquired a new stake in VanEck High Yield Muni ETF in the 4th quarter valued at $523,000. Jones Financial Companies Lllp grew its position in shares of VanEck High Yield Muni ETF by 67.9% in the fourth quarter. Jones Financial Companies Lllp now owns 19,161 shares of the company’s stock valued at $995,000 after purchasing an additional 7,748 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of VanEck High Yield Muni ETF by 56.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,448 shares of the company’s stock worth $594,000 after purchasing an additional 4,152 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of VanEck High Yield Muni ETF during the 4th quarter worth about $315,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in VanEck High Yield Muni ETF in the 4th quarter valued at about $170,000.

VanEck High Yield Muni ETF Trading Down 2.0 %

BATS:HYD opened at $50.30 on Wednesday. The stock has a 50 day moving average of $50.94 and a two-hundred day moving average of $51.68. VanEck High Yield Muni ETF has a 12 month low of $47.78 and a 12 month high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1588 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.