Northwestern Mutual Wealth Management Co. Buys 79,434 Shares of VanEck High Yield Muni ETF $HYD

Northwestern Mutual Wealth Management Co. increased its stake in VanEck High Yield Muni ETF (BATS:HYD) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,040,068 shares of the company’s stock after buying an additional 79,434 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in VanEck High Yield Muni ETF were worth $104,288,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in VanEck High Yield Muni ETF by 7.4% in the third quarter. Bank of America Corp DE now owns 16,531,313 shares of the company’s stock worth $841,444,000 after buying an additional 1,133,993 shares during the last quarter. Sei Investments Co. lifted its position in VanEck High Yield Muni ETF by 2.9% in the third quarter. Sei Investments Co. now owns 2,971,087 shares of the company’s stock worth $151,227,000 after buying an additional 83,702 shares during the last quarter. American Family Investments Inc. bought a new stake in VanEck High Yield Muni ETF in the fourth quarter worth $148,607,000. HighTower Advisors LLC lifted its position in VanEck High Yield Muni ETF by 663.5% in the fourth quarter. HighTower Advisors LLC now owns 2,499,427 shares of the company’s stock worth $127,771,000 after buying an additional 2,172,057 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of VanEck High Yield Muni ETF by 5.0% during the fourth quarter. Assetmark Inc. now owns 1,314,202 shares of the company’s stock worth $67,182,000 after purchasing an additional 63,008 shares during the last quarter.

VanEck High Yield Muni ETF Trading Up 0.2%

BATS:HYD opened at $51.38 on Friday. VanEck High Yield Muni ETF has a twelve month low of $48.85 and a twelve month high of $51.66. The stock has a fifty day simple moving average of $50.79 and a 200-day simple moving average of $50.98.

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.