Hamilton Wealth LLC Raises Position in VanEck High Yield Muni ETF $HYD

Hamilton Wealth LLC increased its stake in VanEck High Yield Muni ETF (BATS:HYD) by 126.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,723 shares of the company’s stock after purchasing an additional 55,208 shares during the quarter. VanEck High Yield Muni ETF comprises about 1.0% of Hamilton Wealth LLC’s holdings, making the stock its 29th largest position. Hamilton Wealth LLC’s holdings in VanEck High Yield Muni ETF were worth $5,047,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HYD. Boyd Watterson Asset Management LLC OH acquired a new position in VanEck High Yield Muni ETF during the 4th quarter worth approximately $25,000. US Bancorp DE boosted its holdings in VanEck High Yield Muni ETF by 101.1% in the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock worth $27,000 after acquiring an additional 271 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in VanEck High Yield Muni ETF in the third quarter valued at approximately $30,000. JDM Financial Group LLC acquired a new stake in VanEck High Yield Muni ETF in the fourth quarter valued at approximately $38,000. Finally, Centennial Bank AR purchased a new stake in shares of VanEck High Yield Muni ETF during the third quarter valued at approximately $46,000.

VanEck High Yield Muni ETF Price Performance

BATS HYD opened at $51.49 on Friday. The company’s fifty day simple moving average is $51.09 and its 200-day simple moving average is $51.01. VanEck High Yield Muni ETF has a 52 week low of $48.85 and a 52 week high of $51.66.

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.