Millington Financial Advisors LLC Has $380,000 Position in VanEck High Yield Muni ETF (BATS:HYD)

Millington Financial Advisors LLC grew its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,365 shares of the company’s stock after purchasing an additional 1,169 shares during the quarter. Millington Financial Advisors LLC’s holdings in VanEck High Yield Muni ETF were worth $380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HYD. Sei Investments Co. increased its holdings in VanEck High Yield Muni ETF by 1.1% in the third quarter. Sei Investments Co. now owns 3,408,440 shares of the company’s stock valued at $167,253,000 after purchasing an additional 38,405 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of VanEck High Yield Muni ETF by 1.9% in the third quarter. Envestnet Asset Management Inc. now owns 1,346,964 shares of the company’s stock valued at $66,096,000 after buying an additional 25,382 shares during the period. Grimes & Company Inc. bought a new position in shares of VanEck High Yield Muni ETF during the fourth quarter worth about $56,648,000. Assetmark Inc. lifted its stake in shares of VanEck High Yield Muni ETF by 74.1% in the third quarter. Assetmark Inc. now owns 841,015 shares of the company’s stock worth $41,269,000 after acquiring an additional 357,974 shares during the period. Finally, TIAA Trust National Association bought a new stake in VanEck High Yield Muni ETF in the third quarter valued at approximately $37,850,000.

VanEck High Yield Muni ETF Stock Performance

VanEck High Yield Muni ETF stock traded down $0.10 during mid-day trading on Tuesday, hitting $51.36. 472,928 shares of the stock were exchanged. The firm’s 50 day moving average price is $51.77 and its two-hundred day moving average price is $50.75.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1942 per share. The ex-dividend date was Monday, April 1st.

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.