Lynx Investment Advisory Takes $70,000 Position in VanEck High Yield Muni ETF (BATS:HYD)

Lynx Investment Advisory bought a new stake in VanEck High Yield Muni ETF (BATS:HYD) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,353 shares of the company’s stock, valued at approximately $70,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in shares of VanEck High Yield Muni ETF by 2.4% in the fourth quarter. Assetmark Inc. now owns 860,896 shares of the company’s stock valued at $44,448,000 after acquiring an additional 19,881 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of VanEck High Yield Muni ETF by 3.3% in the first quarter. Concurrent Investment Advisors LLC now owns 8,608 shares of the company’s stock valued at $450,000 after purchasing an additional 276 shares during the last quarter. First Financial Bankshares Inc acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at approximately $275,000. Commonwealth Equity Services LLC increased its holdings in shares of VanEck High Yield Muni ETF by 10.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 800,872 shares of the company’s stock valued at $41,349,000 after purchasing an additional 73,272 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of VanEck High Yield Muni ETF by 42.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 127,809 shares of the company’s stock valued at $6,599,000 after purchasing an additional 38,297 shares during the last quarter.

VanEck High Yield Muni ETF Stock Performance

Shares of BATS:HYD traded down $0.16 during midday trading on Wednesday, hitting $52.39. The company had a trading volume of 1,357,423 shares. The firm’s fifty day moving average is $52.01 and its 200-day moving average is $51.76.

VanEck High Yield Muni ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a $0.1882 dividend. The ex-dividend date of this dividend was Monday, July 1st. This is a boost from VanEck High Yield Muni ETF’s previous dividend of $0.19.

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.