Retirement Investment Advisors Inc. Raises Position in VanEck High Yield Muni ETF (BATS:HYD)

Retirement Investment Advisors Inc. boosted its position in VanEck High Yield Muni ETF (BATS:HYD) by 12.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 101,672 shares of the company’s stock after purchasing an additional 10,912 shares during the period. VanEck High Yield Muni ETF comprises about 0.6% of Retirement Investment Advisors Inc.’s portfolio, making the stock its 12th biggest holding. Retirement Investment Advisors Inc.’s holdings in VanEck High Yield Muni ETF were worth $5,278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management raised its stake in shares of VanEck High Yield Muni ETF by 69.6% in the fourth quarter. Spire Wealth Management now owns 475 shares of the company’s stock valued at $25,000 after buying an additional 195 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in VanEck High Yield Muni ETF in the 4th quarter worth about $170,000. EP Wealth Advisors LLC bought a new stake in VanEck High Yield Muni ETF in the 3rd quarter valued at about $198,000. Sovran Advisors LLC purchased a new stake in VanEck High Yield Muni ETF during the fourth quarter valued at about $226,000. Finally, Breakwater Capital Group boosted its position in VanEck High Yield Muni ETF by 10.7% during the fourth quarter. Breakwater Capital Group now owns 4,383 shares of the company’s stock worth $228,000 after purchasing an additional 422 shares during the period.

VanEck High Yield Muni ETF Trading Down 0.6 %

HYD opened at $51.06 on Friday. The firm has a 50-day moving average price of $51.83 and a 200-day moving average price of $52.13. VanEck High Yield Muni ETF has a twelve month low of $50.75 and a twelve month high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1588 dividend. The ex-dividend date was Monday, March 3rd.

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.