GWN Securities Inc. Invests $346,000 in VanEck High Yield Muni ETF (BATS:HYD)

GWN Securities Inc. purchased a new position in VanEck High Yield Muni ETF (BATS:HYD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,679 shares of the company’s stock, valued at approximately $346,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brookstone Capital Management purchased a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter worth approximately $523,000. Jones Financial Companies Lllp grew its stake in VanEck High Yield Muni ETF by 67.9% in the fourth quarter. Jones Financial Companies Lllp now owns 19,161 shares of the company’s stock worth $995,000 after purchasing an additional 7,748 shares in the last quarter. Arkadios Wealth Advisors bought a new position in VanEck High Yield Muni ETF in the fourth quarter worth approximately $315,000. Mirae Asset Global Investments Co. Ltd. bought a new position in VanEck High Yield Muni ETF in the fourth quarter worth approximately $170,000. Finally, Principal Securities Inc. boosted its position in VanEck High Yield Muni ETF by 738.8% during the 4th quarter. Principal Securities Inc. now owns 7,180 shares of the company’s stock valued at $373,000 after acquiring an additional 6,324 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 0.7 %

Shares of BATS HYD opened at $51.72 on Monday. The stock’s fifty day simple moving average is $51.87 and its two-hundred day simple moving average is $52.20. VanEck High Yield Muni ETF has a 12-month low of $50.78 and a 12-month high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1588 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.