Great Valley Advisor Group Inc. Cuts Stock Position in VanEck High Yield Muni ETF (BATS:HYD)

Great Valley Advisor Group Inc. lowered its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,721 shares of the company’s stock after selling 1,338 shares during the period. Great Valley Advisor Group Inc. owned about 0.13% of VanEck High Yield Muni ETF worth $3,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new position in VanEck High Yield Muni ETF in the first quarter worth $26,000. Parallel Advisors LLC lifted its position in shares of VanEck High Yield Muni ETF by 170.4% during the 4th quarter. Parallel Advisors LLC now owns 511 shares of the company’s stock valued at $26,000 after buying an additional 322 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of VanEck High Yield Muni ETF during the 2nd quarter valued at $30,000. Register Financial Advisors LLC purchased a new position in shares of VanEck High Yield Muni ETF during the 1st quarter valued at $36,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of VanEck High Yield Muni ETF during the 4th quarter valued at $57,000.

VanEck High Yield Muni ETF Price Performance

Shares of BATS HYD traded up $0.15 during trading on Wednesday, reaching $52.33. 463,616 shares of the stock traded hands. The firm has a 50-day moving average of $52.09 and a 200-day moving average of $51.80.

VanEck High Yield Muni ETF Increases Dividend

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

VanEck High Yield Muni ETF Company Profile

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.