Grimes & Company Inc. Purchases 25,109 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Grimes & Company Inc. boosted its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,138,643 shares of the company’s stock after acquiring an additional 25,109 shares during the quarter. VanEck High Yield Muni ETF makes up about 1.6% of Grimes & Company Inc.’s portfolio, making the stock its 15th biggest position. Grimes & Company Inc.’s holdings in VanEck High Yield Muni ETF were worth $60,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in VanEck High Yield Muni ETF in the 2nd quarter worth about $30,000. Register Financial Advisors LLC purchased a new stake in shares of VanEck High Yield Muni ETF in the 1st quarter worth approximately $36,000. Aspire Private Capital LLC lifted its position in shares of VanEck High Yield Muni ETF by 74.2% in the 2nd quarter. Aspire Private Capital LLC now owns 1,338 shares of the company’s stock worth $69,000 after purchasing an additional 570 shares during the period. Lynx Investment Advisory purchased a new stake in shares of VanEck High Yield Muni ETF in the 2nd quarter worth approximately $70,000. Finally, Larson Financial Group LLC lifted its position in shares of VanEck High Yield Muni ETF by 13,241.7% in the 2nd quarter. Larson Financial Group LLC now owns 1,601 shares of the company’s stock worth $83,000 after purchasing an additional 1,589 shares during the period.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD traded down $0.36 during mid-day trading on Thursday, hitting $51.95. The company’s stock had a trading volume of 680,889 shares. The company has a 50-day moving average price of $52.61 and a 200-day moving average price of $52.09.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1803 dividend. The ex-dividend date was Tuesday, September 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.