VanEck High Yield Muni ETF (BATS:HYD) Reaches New 1-Year Low – What’s Next?

VanEck High Yield Muni ETF (BATS:HYD)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $49.39 and last traded at $49.3750, with a volume of 337102 shares. The stock had previously closed at $49.45.

VanEck High Yield Muni ETF Price Performance

The business’s fifty day simple moving average is $50.40 and its 200 day simple moving average is $50.78.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. US Bancorp DE grew its stake in VanEck High Yield Muni ETF by 101.1% during the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at approximately $30,000. Basecamp Wealth Advisors LLC purchased a new position in shares of VanEck High Yield Muni ETF during the 1st quarter valued at approximately $37,000. Blue Trust Inc. boosted its stake in shares of VanEck High Yield Muni ETF by 159.0% during the 1st quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $52,000 after buying an additional 639 shares during the last quarter. Finally, Tucker Asset Management LLC purchased a new position in shares of VanEck High Yield Muni ETF during the 4th quarter valued at approximately $55,000.

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.