Forum Financial Management LP Increases Stock Holdings in VanEck High Yield Muni ETF $HYD

Forum Financial Management LP increased its position in VanEck High Yield Muni ETF (BATS:HYD) by 609.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,277,016 shares of the company’s stock after acquiring an additional 1,097,133 shares during the quarter. VanEck High Yield Muni ETF comprises about 0.9% of Forum Financial Management LP’s holdings, making the stock its 15th biggest holding. Forum Financial Management LP’s holdings in VanEck High Yield Muni ETF were worth $65,000,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Yeomans Consulting Group Inc. lifted its stake in VanEck High Yield Muni ETF by 0.9% in the 3rd quarter. Yeomans Consulting Group Inc. now owns 22,938 shares of the company’s stock worth $1,165,000 after purchasing an additional 200 shares in the last quarter. Balefire LLC grew its position in shares of VanEck High Yield Muni ETF by 3.9% during the 3rd quarter. Balefire LLC now owns 7,139 shares of the company’s stock valued at $363,000 after purchasing an additional 269 shares in the last quarter. Seamount Financial Group Inc. increased its holdings in shares of VanEck High Yield Muni ETF by 4.2% in the second quarter. Seamount Financial Group Inc. now owns 7,150 shares of the company’s stock worth $359,000 after purchasing an additional 289 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of VanEck High Yield Muni ETF by 1.4% in the second quarter. Wealthfront Advisers LLC now owns 21,587 shares of the company’s stock worth $1,084,000 after purchasing an additional 301 shares during the period. Finally, Binnacle Investments Inc raised its position in shares of VanEck High Yield Muni ETF by 12.4% in the second quarter. Binnacle Investments Inc now owns 2,783 shares of the company’s stock worth $140,000 after buying an additional 306 shares in the last quarter.

VanEck High Yield Muni ETF Price Performance

BATS:HYD opened at $51.29 on Friday. The stock has a fifty day moving average of $51.04 and a 200 day moving average of $50.40. VanEck High Yield Muni ETF has a 52-week low of $47.78 and a 52-week high of $53.10.

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.