Avidian Wealth Solutions LLC Buys Shares of 26,742 VanEck High Yield Muni ETF (BATS:HYD)

Avidian Wealth Solutions LLC purchased a new position in VanEck High Yield Muni ETF (BATS:HYD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,742 shares of the company’s stock, valued at approximately $1,381,000.

Other institutional investors have also recently made changes to their positions in the company. Lincoln National Corp increased its stake in VanEck High Yield Muni ETF by 30.8% in the third quarter. Lincoln National Corp now owns 7,245 shares of the company’s stock valued at $356,000 after acquiring an additional 1,705 shares during the last quarter. FAS Wealth Partners Inc. increased its position in shares of VanEck High Yield Muni ETF by 33.1% during the 4th quarter. FAS Wealth Partners Inc. now owns 62,394 shares of the company’s stock valued at $3,221,000 after purchasing an additional 15,512 shares during the last quarter. IFG Advisory LLC raised its holdings in shares of VanEck High Yield Muni ETF by 8.2% during the 4th quarter. IFG Advisory LLC now owns 14,021 shares of the company’s stock valued at $724,000 after buying an additional 1,066 shares in the last quarter. Grimes & Company Inc. bought a new stake in VanEck High Yield Muni ETF in the 4th quarter worth approximately $56,648,000. Finally, Commonwealth Equity Services LLC boosted its stake in VanEck High Yield Muni ETF by 10.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 800,872 shares of the company’s stock worth $41,349,000 after buying an additional 73,272 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD stock traded up $0.38 during trading hours on Friday, hitting $51.52. 928,654 shares of the company’s stock were exchanged. The stock has a 50-day simple moving average of $51.71 and a 200 day simple moving average of $50.92.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.1942 dividend. The ex-dividend date of this dividend was Monday, April 1st.

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.