Sykon Capital LLC Purchases New Position in VanEck High Yield Muni ETF (BATS:HYD)

Sykon Capital LLC acquired a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 47,512 shares of the company’s stock, valued at approximately $2,453,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of VanEck High Yield Muni ETF by 44.2% during the fourth quarter. Blue Trust Inc. now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 243 shares in the last quarter. Clearstead Advisors LLC acquired a new position in VanEck High Yield Muni ETF during the third quarter worth approximately $108,000. Davidson Investment Advisors purchased a new stake in VanEck High Yield Muni ETF in the third quarter valued at approximately $128,000. Global Retirement Partners LLC lifted its stake in VanEck High Yield Muni ETF by 549.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,495 shares of the company’s stock valued at $128,000 after buying an additional 2,111 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at approximately $185,000.

VanEck High Yield Muni ETF Price Performance

Shares of VanEck High Yield Muni ETF stock traded up $0.38 during trading on Friday, reaching $51.52. The company’s stock had a trading volume of 928,654 shares. The stock has a fifty day moving average price of $51.71 and a 200-day moving average price of $50.90.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.1942 dividend. The ex-dividend date of this dividend 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.