Bessemer Group Inc. Buys New Stake in VanEck High Yield Muni ETF (BATS:HYD)

Bessemer Group Inc. bought a new stake in shares of VanEck High Yield Muni ETF (BATS:HYD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,440 shares of the company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HYD. Ameriflex Group Inc. purchased a new stake in VanEck High Yield Muni ETF during the fourth quarter valued at approximately $28,000. Headlands Technologies LLC raised its holdings in shares of VanEck High Yield Muni ETF by 153.7% in the fourth quarter. Headlands Technologies LLC now owns 576 shares of the company’s stock worth $30,000 after buying an additional 349 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth $36,000. Aptus Capital Advisors LLC purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth $99,000. Finally, Moser Wealth Advisors LLC raised its holdings in shares of VanEck High Yield Muni ETF by 100.0% in the first quarter. Moser Wealth Advisors LLC now owns 2,000 shares of the company’s stock worth $102,000 after buying an additional 1,000 shares during the last quarter.

VanEck High Yield Muni ETF Stock Down 2.3%

BATS HYD opened at $50.17 on Friday. The company has a fifty day simple moving average of $49.89 and a two-hundred day simple moving average of $50.87. VanEck High Yield Muni ETF has a 12-month low of $47.78 and a 12-month high of $53.10.

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.