StrategIQ Financial Group LLC Sells 5,190 Shares of VanEck High Yield Muni ETF (BATS:HYD)

StrategIQ Financial Group LLC trimmed its position in VanEck High Yield Muni ETF (BATS:HYDFree Report) by 21.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,106 shares of the company’s stock after selling 5,190 shares during the quarter. StrategIQ Financial Group LLC’s holdings in VanEck High Yield Muni ETF were worth $986,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. DAVENPORT & Co LLC raised its position in shares of VanEck High Yield Muni ETF by 51.0% during the 4th quarter. DAVENPORT & Co LLC now owns 7,424 shares of the company’s stock valued at $383,000 after buying an additional 2,509 shares during the period. FAS Wealth Partners Inc. grew its holdings in VanEck High Yield Muni ETF by 33.1% in the 4th quarter. FAS Wealth Partners Inc. now owns 62,394 shares of the company’s stock valued at $3,221,000 after buying an additional 15,512 shares during the period. Private Ocean LLC boosted its position in VanEck High Yield Muni ETF by 70.8% during the 4th quarter. Private Ocean LLC now owns 533,614 shares of the company’s stock worth $27,551,000 after purchasing an additional 221,243 shares during the period. Wright Fund Management LLC bought a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter worth $15,138,000. Finally, CJM Wealth Advisers Ltd. acquired a new position in VanEck High Yield Muni ETF in the fourth quarter valued at approximately $408,000.

VanEck High Yield Muni ETF Price Performance

VanEck High Yield Muni ETF stock traded down $0.21 during mid-day trading on Wednesday, hitting $51.69. 765,722 shares of the company’s stock traded hands. The company has a 50 day moving average price of $51.76 and a 200 day moving average price of $50.53.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, April 2nd will be issued a $0.1942 dividend. The ex-dividend date of this dividend is Monday, April 1st.

VanEck High Yield Muni ETF Profile

(Free Report)

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.

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Want to see what other hedge funds are holding HYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck High Yield Muni ETF (BATS:HYDFree Report).

Institutional Ownership by Quarter for VanEck High Yield Muni ETF (BATS:HYD)

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