Summit Wealth Group LLC Co. trimmed its stake in VanEck High Yield Muni ETF (BATS:HYD – Free Report) by 95.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,376 shares of the company’s stock after selling 121,955 shares during the period. Summit Wealth Group LLC Co.’s holdings in VanEck High Yield Muni ETF were worth $326,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boyd Watterson Asset Management LLC OH purchased a new stake in shares of VanEck High Yield Muni ETF in the 4th quarter worth $25,000. US Bancorp DE increased its stake in shares of 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 purchasing an additional 271 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of VanEck High Yield Muni ETF in the 3rd quarter worth $30,000. CoreCap Advisors LLC increased its stake in VanEck High Yield Muni ETF by 753.2% in the 3rd quarter. CoreCap Advisors LLC now owns 657 shares of the company’s stock worth $33,000 after buying an additional 580 shares in the last quarter. Finally, JDM Financial Group LLC purchased a new stake in VanEck High Yield Muni ETF in the 4th quarter worth $38,000.
VanEck High Yield Muni ETF Trading Down 0.2%
Shares of HYD stock opened at $50.91 on Thursday. VanEck High Yield Muni ETF has a 52-week low of $48.85 and a 52-week high of $51.66. The stock has a fifty day simple moving average of $50.77 and a two-hundred day simple moving average of $51.00.
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.
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