Merit Financial Group LLC raised its holdings in VanEck High Yield Muni ETF (BATS:HYD – Free Report) by 159.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,718 shares of the company’s stock after purchasing an additional 76,576 shares during the quarter. Merit Financial Group LLC’s holdings in VanEck High Yield Muni ETF were worth $6,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Simplex Trading LLC bought a new position in shares of VanEck High Yield Muni ETF during the 1st quarter worth $40,000. AlphaCore Capital LLC bought a new position in shares of VanEck High Yield Muni ETF during the 1st quarter worth $49,000. Ameritas Advisory Services LLC bought a new position in shares of VanEck High Yield Muni ETF during the 2nd quarter worth $56,000. Rossby Financial LCC bought a new position in shares of VanEck High Yield Muni ETF during the 1st quarter worth $64,000. Finally, Capital Investment Advisory Services LLC grew its stake in shares of VanEck High Yield Muni ETF by 148.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,315 shares of the company’s stock worth $67,000 after acquiring an additional 785 shares during the period.
VanEck High Yield Muni ETF Trading Down 1.2%
HYD stock opened at $50.73 on Monday. VanEck High Yield Muni ETF has a fifty-two week low of $47.78 and a fifty-two week high of $53.10. The stock has a fifty day moving average of $49.90 and a 200-day moving average of $49.91.
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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