Truist Financial Corp Sells 24,360 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Truist Financial Corp lessened its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 139,413 shares of the company’s stock after selling 24,360 shares during the period. Truist Financial Corp’s holdings in VanEck High Yield Muni ETF were worth $7,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HYD. Spire Wealth Management increased its stake in VanEck High Yield Muni ETF by 69.6% during the 4th quarter. Spire Wealth Management now owns 475 shares of the company’s stock valued at $25,000 after purchasing an additional 195 shares in the last quarter. Moser Wealth Advisors LLC bought a new stake in VanEck High Yield Muni ETF during the 3rd quarter valued at $53,000. Farther Finance Advisors LLC increased its stake in VanEck High Yield Muni ETF by 1,541.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock valued at $85,000 after purchasing an additional 1,511 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of VanEck High Yield Muni ETF in the 4th quarter worth $170,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of VanEck High Yield Muni ETF in the 3rd quarter worth $198,000.

VanEck High Yield Muni ETF Price Performance

BATS HYD opened at $52.12 on Friday. The business has a 50-day moving average price of $51.80 and a two-hundred day moving average price of $52.24.

VanEck High Yield Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.2067 dividend. This is a positive change from VanEck High Yield Muni ETF’s previous dividend of $0.18. The ex-dividend date was Monday, February 3rd.

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.