Independent Advisor Alliance Invests $367,000 in VanEck High Yield Muni ETF (BATS:HYD)

Independent Advisor Alliance bought a new stake in VanEck High Yield Muni ETF (BATS:HYD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,079 shares of the company’s stock, valued at approximately $367,000.

A number of other large investors have also modified their holdings of HYD. Avior Wealth Management LLC increased its holdings in VanEck High Yield Muni ETF by 12.1% in the 3rd quarter. Avior Wealth Management LLC now owns 8,923 shares of the company’s stock valued at $474,000 after buying an additional 961 shares during the period. Nwam LLC acquired a new stake in shares of VanEck High Yield Muni ETF during the 3rd quarter valued at about $425,000. Great Valley Advisor Group Inc. increased its stake in VanEck High Yield Muni ETF by 1.4% in the third quarter. Great Valley Advisor Group Inc. now owns 77,826 shares of the company’s stock valued at $4,130,000 after acquiring an additional 1,105 shares during the period. Private Trust Co. NA raised its position in VanEck High Yield Muni ETF by 115.5% in the third quarter. Private Trust Co. NA now owns 5,717 shares of the company’s stock worth $303,000 after purchasing an additional 3,064 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in VanEck High Yield Muni ETF by 4.1% during the third quarter. D.A. Davidson & CO. now owns 10,380 shares of the company’s stock worth $551,000 after purchasing an additional 408 shares during the period.

VanEck High Yield Muni ETF Trading Up 0.8 %

HYD stock opened at $51.78 on Wednesday. The business’s 50 day moving average is $51.86 and its 200-day moving average is $52.19. VanEck High Yield Muni ETF has a 1-year low of $50.78 and a 1-year high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.1588 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.