Grimes & Company Inc. Sells 1,194,307 Shares of VanEck High Yield Muni ETF $HYD

Grimes & Company Inc. trimmed its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 99.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,917 shares of the company’s stock after selling 1,194,307 shares during the quarter. Grimes & Company Inc.’s holdings in VanEck High Yield Muni ETF were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Revolve Wealth Partners LLC lifted its position in VanEck High Yield Muni ETF by 6.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 191,107 shares of the company’s stock valued at $9,920,000 after acquiring an additional 10,798 shares in the last quarter. Park Avenue Securities LLC lifted its position in VanEck High Yield Muni ETF by 7.1% in the 1st quarter. Park Avenue Securities LLC now owns 42,923 shares of the company’s stock valued at $2,197,000 after acquiring an additional 2,831 shares in the last quarter. Capital Investment Advisors LLC lifted its position in VanEck High Yield Muni ETF by 11.3% in the 1st quarter. Capital Investment Advisors LLC now owns 5,564 shares of the company’s stock valued at $285,000 after acquiring an additional 564 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in VanEck High Yield Muni ETF by 2.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 81,036 shares of the company’s stock valued at $4,147,000 after acquiring an additional 1,579 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new stake in VanEck High Yield Muni ETF in the 1st quarter valued at $1,040,000.

VanEck High Yield Muni ETF Stock Down 1.3%

HYD opened at $50.70 on Wednesday. VanEck High Yield Muni ETF has a 12 month low of $47.78 and a 12 month high of $53.10. The firm’s fifty day simple moving average is $49.96 and its 200 day simple moving average is $49.91.

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.