MMA Asset Management LLC Sells 11,351 Shares of VanEck High Yield Muni ETF (BATS:HYD)

MMA Asset Management LLC decreased its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 43.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,926 shares of the company’s stock after selling 11,351 shares during the quarter. MMA Asset Management LLC’s holdings in VanEck High Yield Muni ETF were worth $775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Grimes & Company Inc. boosted its stake in VanEck High Yield Muni ETF by 4.4% during the 4th quarter. Grimes & Company Inc. now owns 1,189,221 shares of the company’s stock worth $61,732,000 after acquiring an additional 50,578 shares during the last quarter. Assetmark Inc. raised 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 worth $55,905,000 after buying an additional 49,277 shares during the period. Ocean Park Asset Management LLC raised its holdings in VanEck High Yield Muni ETF by 98.0% during the 4th quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock worth $33,690,000 after buying an additional 321,160 shares during the period. Forum Financial Management LP raised its holdings in VanEck High Yield Muni ETF by 6.0% during the 3rd quarter. Forum Financial Management LP now owns 643,392 shares of the company’s stock worth $34,145,000 after buying an additional 36,316 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in VanEck High Yield Muni ETF by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 371,171 shares of the company’s stock worth $19,267,000 after buying an additional 12,816 shares during the period.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD stock opened at $52.50 on Friday. The business’s 50 day moving average is $51.84 and its 200 day moving average is $52.24.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.1588 per share. The ex-dividend date is Monday, March 3rd.

VanEck High Yield Muni ETF 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.