American Family Investments Inc. purchased a new position in VanEck High Yield Muni ETF (BATS:HYD – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 2,907,018 shares of the company’s stock, valued at approximately $148,607,000. VanEck High Yield Muni ETF accounts for about 5.3% of American Family Investments Inc.’s portfolio, making the stock its 4th largest position.
Other hedge funds have also recently modified their holdings of the company. Avidian Wealth Enterprises LLC purchased a new position in shares of VanEck High Yield Muni ETF in the third quarter worth $3,218,000. ACT Wealth Management LLC purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth $545,000. Counterpoint Mutual Funds LLC purchased a new position in shares of VanEck High Yield Muni ETF in the third quarter worth $18,230,000. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of VanEck High Yield Muni ETF by 19.5% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 104,445 shares of the company’s stock worth $5,339,000 after purchasing an additional 17,072 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of VanEck High Yield Muni ETF by 74.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 42,266 shares of the company’s stock worth $2,161,000 after purchasing an additional 18,085 shares during the last quarter.
VanEck High Yield Muni ETF Stock Performance
HYD stock opened at $51.01 on Wednesday. VanEck High Yield Muni ETF has a 1-year low of $48.85 and a 1-year high of $51.66. The business has a fifty day moving average price of $50.78 and a 200-day moving average price of $51.00.
VanEck High Yield Muni ETF 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.
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