Richardson Financial Services Inc. Takes Position in VanEck High Yield Muni ETF (BATS:HYD)

Richardson Financial Services Inc. purchased a new stake in shares of VanEck High Yield Muni ETF (BATS:HYD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,579 shares of the company’s stock, valued at approximately $391,000.

A number of other large investors also recently modified their holdings of HYD. Sei Investments Co. boosted its stake in VanEck High Yield Muni ETF by 1.1% during the third quarter. Sei Investments Co. now owns 3,408,440 shares of the company’s stock valued at $167,253,000 after buying an additional 38,405 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in VanEck High Yield Muni ETF by 1.9% during 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 in the last quarter. Grimes & Company Inc. bought a new position in VanEck High Yield Muni ETF during the fourth quarter valued at about $56,648,000. Assetmark Inc. boosted its stake in VanEck High Yield Muni ETF by 2.4% during the fourth quarter. Assetmark Inc. now owns 860,896 shares of the company’s stock valued at $44,448,000 after buying an additional 19,881 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in VanEck High Yield Muni ETF by 10.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 800,872 shares of the company’s stock valued at $41,349,000 after buying an additional 73,272 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 0.1 %

Shares of BATS:HYD traded up $0.04 during midday trading on Friday, reaching $52.32. The company had a trading volume of 601,148 shares. The company has a fifty day simple moving average of $51.54 and a two-hundred day simple moving average of $51.52.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 6th. Investors of record on Monday, June 3rd were given a $0.1863 dividend. The ex-dividend date of this dividend was Monday, June 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.