VanEck High Yield Muni ETF (BATS:HYD) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. cut its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,715 shares of the company’s stock after selling 6,435 shares during the quarter. Valmark Advisers Inc. owned approximately 0.06% of VanEck High Yield Muni ETF worth $1,741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Grimes & Company Inc. purchased a new stake in VanEck High Yield Muni ETF in the fourth quarter valued at approximately $56,648,000. TIAA Trust National Association purchased a new stake in VanEck High Yield Muni ETF in the third quarter valued at approximately $37,850,000. Bank of New York Mellon Corp purchased a new stake in VanEck High Yield Muni ETF in the third quarter valued at approximately $19,017,000. Sage Mountain Advisors LLC lifted its stake in VanEck High Yield Muni ETF by 4,067.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 387,853 shares of the company’s stock valued at $20,025,000 after buying an additional 378,547 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in VanEck High Yield Muni ETF by 74.1% in the third quarter. Assetmark Inc. now owns 841,015 shares of the company’s stock valued at $41,269,000 after buying an additional 357,974 shares during the last quarter.

VanEck High Yield Muni ETF Stock Performance

BATS HYD remained flat at $51.15 on Friday. The company’s stock had a trading volume of 952,638 shares. The company has a 50 day moving average of $51.76 and a 200-day moving average of $50.80.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.1942 per share. The ex-dividend date of this dividend was Monday, April 1st.

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.