Comerica Bank Decreases Stock Position in VanEck High Yield Muni ETF $HYD

Comerica Bank cut its stake in VanEck High Yield Muni ETF (BATS:HYD) by 65.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,726 shares of the company’s stock after selling 35,539 shares during the period. Comerica Bank’s holdings in VanEck High Yield Muni ETF were worth $958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in VanEck High Yield Muni ETF by 4.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,717,156 shares of the company’s stock valued at $87,884,000 after purchasing an additional 76,501 shares during the period. Royal Bank of Canada boosted its holdings in VanEck High Yield Muni ETF by 4.7% in the fourth quarter. Royal Bank of Canada now owns 1,678,884 shares of the company’s stock valued at $87,149,000 after purchasing an additional 75,221 shares during the period. Grimes & Company Inc. boosted its holdings in VanEck High Yield Muni ETF by 0.9% in the first quarter. Grimes & Company Inc. now owns 1,200,224 shares of the company’s stock valued at $61,427,000 after purchasing an additional 11,003 shares during the period. Assetmark Inc. raised its stake in VanEck High Yield Muni ETF by 4.8% in the first quarter. Assetmark Inc. now owns 1,163,225 shares of the company’s stock valued at $59,534,000 after buying an additional 53,365 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in VanEck High Yield Muni ETF by 2.4% in the first quarter. Commonwealth Equity Services LLC now owns 973,257 shares of the company’s stock valued at $49,811,000 after buying an additional 22,743 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

VanEck High Yield Muni ETF stock opened at $50.12 on Friday. VanEck High Yield Muni ETF has a 1-year low of $47.78 and a 1-year high of $53.10. The stock’s fifty day moving average is $49.42 and its two-hundred day moving average is $50.10.

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.