Forum Financial Management LP Cuts Stake in VanEck High Yield Muni ETF $HYD

Forum Financial Management LP trimmed its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,252,071 shares of the company’s stock after selling 24,945 shares during the quarter. VanEck High Yield Muni ETF comprises about 0.8% of Forum Financial Management LP’s holdings, making the stock its 15th biggest holding. Forum Financial Management LP’s holdings in VanEck High Yield Muni ETF were worth $64,006,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HYD. Revolve Wealth Partners LLC grew its position in VanEck High Yield Muni ETF by 6.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 191,107 shares of the company’s stock valued at $9,920,000 after purchasing an additional 10,798 shares during the last quarter. Qube Research & Technologies Ltd grew its position in VanEck High Yield Muni ETF by 67.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 11,227 shares of the company’s stock valued at $564,000 after purchasing an additional 4,514 shares during the last quarter. NewEdge Advisors LLC grew its position in VanEck High Yield Muni ETF by 33.1% during the 2nd quarter. NewEdge Advisors LLC now owns 20,738 shares of the company’s stock valued at $1,041,000 after purchasing an additional 5,159 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in VanEck High Yield Muni ETF during the 2nd quarter valued at about $225,000. Finally, Ameriprise Financial Inc. grew its position in VanEck High Yield Muni ETF by 38.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 568,929 shares of the company’s stock valued at $28,547,000 after purchasing an additional 158,024 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

Shares of HYD stock opened at $51.18 on Friday. VanEck High Yield Muni ETF has a one year low of $48.85 and a one year high of $51.66. The company’s 50-day moving average is $50.83 and its 200 day moving average is $50.97.

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.