McAdam LLC Trims Stock Position in VanEck High Yield Muni ETF (BATS:HYD)

McAdam LLC reduced its stake in VanEck High Yield Muni ETF (BATS:HYD) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,761 shares of the company’s stock after selling 624 shares during the quarter. McAdam LLC’s holdings in VanEck High Yield Muni ETF were worth $1,049,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealthcare Advisory Partners LLC raised its holdings in VanEck High Yield Muni ETF by 27.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 59,468 shares of the company’s stock worth $3,108,000 after purchasing an additional 12,692 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of VanEck High Yield Muni ETF by 21.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,778 shares of the company’s stock valued at $1,870,000 after buying an additional 6,433 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in VanEck High Yield Muni ETF by 15.1% during the first quarter. Chesley Taft & Associates LLC now owns 13,125 shares of the company’s stock worth $686,000 after acquiring an additional 1,725 shares during the period. Register Financial Advisors LLC purchased a new position in VanEck High Yield Muni ETF in the first quarter worth $36,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in VanEck High Yield Muni ETF by 221.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 18,039 shares of the company’s stock valued at $943,000 after acquiring an additional 12,430 shares during the period.

VanEck High Yield Muni ETF Stock Performance

BATS:HYD opened at $51.95 on Thursday. The stock’s fifty day moving average is $52.61 and its two-hundred day moving average is $52.09.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.1803 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.