Magnus Financial Group LLC Acquires New Shares in VanEck High Yield Muni ETF (BATS:HYD)

Magnus Financial Group LLC bought a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,640 shares of the company’s stock, valued at approximately $240,000.

Several other large investors have also modified their holdings of the business. AE Wealth Management LLC raised its position in VanEck High Yield Muni ETF by 2.1% in the third quarter. AE Wealth Management LLC now owns 12,896 shares of the company’s stock valued at $633,000 after purchasing an additional 260 shares during the period. DAVENPORT & Co LLC acquired a new position in VanEck High Yield Muni ETF during the 3rd quarter worth about $241,000. Commonwealth Equity Services LLC boosted its holdings in VanEck High Yield Muni ETF by 8.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 727,600 shares of the company’s stock valued at $35,703,000 after acquiring an additional 57,358 shares during the period. Sheets Smith Wealth Management acquired a new position in VanEck High Yield Muni ETF in the 3rd quarter valued at about $98,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of VanEck High Yield Muni ETF by 4.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 174,420 shares of the company’s stock worth $8,559,000 after purchasing an additional 8,087 shares in the last quarter.

VanEck High Yield Muni ETF Trading Up 0.2 %

Shares of BATS HYD opened at $51.26 on Tuesday. The business’s fifty day moving average is $51.75 and its 200-day moving average is $50.84.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given 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.