HighTower Advisors LLC Acquires 205,196 Shares of VanEck High Yield Muni ETF $HYD

HighTower Advisors LLC lifted its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 168.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,370 shares of the company’s stock after buying an additional 205,196 shares during the period. HighTower Advisors LLC’s holdings in VanEck High Yield Muni ETF were worth $16,663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HYD. Avidian Wealth Enterprises LLC bought a new position in VanEck High Yield Muni ETF during the third quarter worth about $3,218,000. Envestnet Asset Management Inc. lifted its position in shares of VanEck High Yield Muni ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 617,071 shares of the company’s stock valued at $30,983,000 after buying an additional 48,879 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in shares of VanEck High Yield Muni ETF by 126.3% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 87,373 shares of the company’s stock worth $4,447,000 after acquiring an additional 48,767 shares during the period. Beacon Pointe Advisors LLC increased its holdings in shares of VanEck High Yield Muni ETF by 24.1% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 60,296 shares of the company’s stock worth $3,027,000 after acquiring an additional 11,696 shares during the last quarter. Finally, Caldwell Trust Co bought a new stake in VanEck High Yield Muni ETF in the 2nd quarter valued at $556,000.

VanEck High Yield Muni ETF Stock Up 0.2%

Shares of VanEck High Yield Muni ETF stock opened at $51.44 on Friday. The business has a fifty day simple moving average of $51.17 and a two-hundred day simple moving average of $50.73. VanEck High Yield Muni ETF has a 1 year low of $47.78 and a 1 year high of $52.53.

VanEck High Yield Muni ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1859 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from VanEck High Yield Muni ETF’s previous monthly dividend of $0.18.

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.