Virtus Investment Advisers Inc. acquired a new stake in shares of VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 8,450 shares of the company’s stock, valued at approximately $516,000. VanEck Vectors High Yield Municipal Index ETF comprises 26.2% of Virtus Investment Advisers Inc.’s portfolio, making the stock its 2nd largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Capital Advisors Group LLC. bought a new position in shares of VanEck Vectors High Yield Municipal Index ETF in the fourth quarter valued at about $213,000. LexAurum Advisors LLC bought a new position in shares of VanEck Vectors High Yield Municipal Index ETF in the fourth quarter valued at about $1,372,000. Telemus Capital LLC raised its holdings in shares of VanEck Vectors High Yield Municipal Index ETF by 30.3% in the fourth quarter. Telemus Capital LLC now owns 45,733 shares of the company’s stock valued at $2,792,000 after buying an additional 10,625 shares during the last quarter. Westside Investment Management Inc. bought a new position in shares of VanEck Vectors High Yield Municipal Index ETF in the fourth quarter valued at about $773,000. Finally, Aspiriant LLC bought a new position in shares of VanEck Vectors High Yield Municipal Index ETF in the fourth quarter valued at about $709,000.

NYSEARCA:HYD traded up $0.09 on Tuesday, hitting $61.59. 28,035 shares of the stock were exchanged, compared to its average volume of 376,825. VanEck Vectors High Yield Municipal Index ETF has a 52 week low of $60.27 and a 52 week high of $63.12.

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 7th. Shareholders of record on Monday, February 4th were issued a dividend of $0.2225 per share. The ex-dividend date of this dividend was Friday, February 1st. This represents a $2.67 annualized dividend and a yield of 4.34%.

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Want to see what other hedge funds are holding HYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD).

Institutional Ownership by Quarter for VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD)

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