Sei Investments Co. Buys 83,702 Shares of VanEck High Yield Muni ETF $HYD

Sei Investments Co. boosted its stake in VanEck High Yield Muni ETF (BATS:HYD) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,971,087 shares of the company’s stock after buying an additional 83,702 shares during the quarter. Sei Investments Co. owned approximately 4.50% of VanEck High Yield Muni ETF worth $151,227,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UBS Group AG lifted its holdings in shares of VanEck High Yield Muni ETF by 9.2% during the third quarter. UBS Group AG now owns 366,264 shares of the company’s stock valued at $18,643,000 after acquiring an additional 30,734 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of VanEck High Yield Muni ETF by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,755 shares of the company’s stock worth $1,260,000 after purchasing an additional 2,930 shares during the last quarter. SageView Advisory Group LLC grew its holdings in shares of VanEck High Yield Muni ETF by 7.1% in the 3rd quarter. SageView Advisory Group LLC now owns 78,818 shares of the company’s stock worth $4,012,000 after purchasing an additional 5,214 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of VanEck High Yield Muni ETF by 38.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 33,870 shares of the company’s stock worth $1,724,000 after purchasing an additional 9,395 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of VanEck High Yield Muni ETF by 17.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 22,165 shares of the company’s stock worth $1,128,000 after purchasing an additional 3,265 shares in the last quarter.

VanEck High Yield Muni ETF Price Performance

Shares of HYD stock opened at $50.48 on Friday. VanEck High Yield Muni ETF has a 12-month low of $47.78 and a 12-month high of $51.99. The firm has a 50-day moving average price of $51.16 and a 200 day moving average price of $50.92.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1717 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.