FSA Advisors Inc. Invests $6.79 Million in VanEck High Yield Muni ETF $HYD

FSA Advisors Inc. bought a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 132,749 shares of the company’s stock, valued at approximately $6,786,000. VanEck High Yield Muni ETF makes up 1.2% of FSA Advisors Inc.’s holdings, making the stock its 18th largest holding.

Several other large investors have also made changes to their positions in the business. Financial Life Advisors raised its stake in shares of VanEck High Yield Muni ETF by 7.1% during the 4th quarter. Financial Life Advisors now owns 15,769 shares of the company’s stock worth $806,000 after buying an additional 1,047 shares during the period. Wealthfront Advisers LLC raised its stake in shares of VanEck High Yield Muni ETF by 14.0% during the 4th quarter. Wealthfront Advisers LLC now owns 36,488 shares of the company’s stock worth $1,865,000 after buying an additional 4,477 shares during the period. Comerica Bank raised its stake in shares of VanEck High Yield Muni ETF by 4.4% during the 4th quarter. Comerica Bank now owns 14,675 shares of the company’s stock worth $750,000 after buying an additional 620 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of VanEck High Yield Muni ETF by 38.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 20,731 shares of the company’s stock worth $1,060,000 after buying an additional 5,784 shares during the period. Finally, UBS Group AG raised its stake in shares of VanEck High Yield Muni ETF by 1.3% during the 4th quarter. UBS Group AG now owns 370,908 shares of the company’s stock worth $18,961,000 after buying an additional 4,644 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of HYD stock opened at $50.97 on Monday. The stock has a 50 day simple moving average of $50.82 and a 200-day simple moving average of $51.00. VanEck High Yield Muni ETF has a 1-year low of $48.85 and a 1-year high of $51.66.

VanEck High Yield Muni ETF Company 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.