Pinnacle Financial Partners Inc Lowers Stake in VanEck High Yield Muni ETF (BATS:HYD)

Posted by William Tyler on Nov 16th, 2024

Pinnacle Financial Partners Inc reduced its position in VanEck High Yield Muni ETF (BATS:HYD – Free Report) by 47.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,523 shares of the company’s stock after selling 3,124 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in VanEck High Yield Muni ETF were worth $187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HYD. Thurston Springer Miller Herd & Titak Inc. bought a new position in VanEck High Yield Muni ETF in the second quarter worth about $30,000. Moser Wealth Advisors LLC bought a new position in VanEck High Yield Muni ETF in the third quarter worth about $53,000. Aspire Private Capital LLC increased its holdings in shares of VanEck High Yield Muni ETF by 74.2% during the second quarter. Aspire Private Capital LLC now owns 1,338 shares of the company’s stock valued at $69,000 after acquiring an additional 570 shares in the last quarter. Lynx Investment Advisory acquired a new position in shares of VanEck High Yield Muni ETF during the second quarter valued at about $70,000. Finally, Larson Financial Group LLC increased its holdings in shares of VanEck High Yield Muni ETF by 13,241.7% during the second quarter. Larson Financial Group LLC now owns 1,601 shares of the company’s stock valued at $83,000 after acquiring an additional 1,589 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

HYD opened at $52.31 on Friday. The firm’s 50-day moving average is $52.51 and its 200-day moving average is $52.16.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.1803 dividend. The ex-dividend date was Tuesday, September 3rd.

VanEck High Yield Muni ETF Company 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.