VanEck High Yield Muni ETF (BATS:HYD) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc cut its stake in VanEck High Yield Muni ETF (BATS:HYD) by 47.0% in the third quarter, Holdings Channel reports. The fund owned 3,523 shares of the company’s stock after selling 3,124 shares during the period. Pinnacle Financial Partners Inc’s holdings in VanEck High Yield Muni ETF were worth $187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HYD. Sei Investments Co. grew its holdings in shares of VanEck High Yield Muni ETF by 7.7% during the 2nd quarter. Sei Investments Co. now owns 3,796,110 shares of the company’s stock worth $196,067,000 after purchasing an additional 270,773 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of VanEck High Yield Muni ETF by 5.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,529,111 shares of the company’s stock worth $78,981,000 after purchasing an additional 82,090 shares during the period. Grimes & Company Inc. boosted its holdings in VanEck High Yield Muni ETF by 2.3% during the 3rd quarter. Grimes & Company Inc. now owns 1,138,643 shares of the company’s stock valued at $60,428,000 after acquiring an additional 25,109 shares during the period. Assetmark Inc. boosted its holdings in VanEck High Yield Muni ETF by 4.9% during the 3rd quarter. Assetmark Inc. now owns 1,053,426 shares of the company’s stock valued at $55,905,000 after acquiring an additional 49,277 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in VanEck High Yield Muni ETF by 10.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 905,340 shares of the company’s stock valued at $48,046,000 after acquiring an additional 86,526 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of VanEck High Yield Muni ETF stock opened at $52.31 on Friday. The firm’s 50 day moving average price is $52.51 and its 200-day moving average price 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 issued a dividend of $0.1803 per share. The ex-dividend date was Tuesday, September 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.