Foster & Motley Inc. Sells 1,331 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Foster & Motley Inc. lessened its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,959 shares of the company’s stock after selling 1,331 shares during the period. Foster & Motley Inc.’s holdings in VanEck High Yield Muni ETF were worth $741,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HYD. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of VanEck High Yield Muni ETF in the 2nd quarter valued at $30,000. Aspire Private Capital LLC grew its stake in VanEck High Yield Muni ETF by 74.2% during the second quarter. Aspire Private Capital LLC now owns 1,338 shares of the company’s stock worth $69,000 after buying an additional 570 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of VanEck High Yield Muni ETF during the second quarter worth approximately $70,000. Larson Financial Group LLC raised its stake in shares of VanEck High Yield Muni ETF by 13,241.7% in the second quarter. Larson Financial Group LLC now owns 1,601 shares of the company’s stock valued at $83,000 after acquiring an additional 1,589 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of VanEck High Yield Muni ETF in the 2nd quarter worth approximately $85,000.

VanEck High Yield Muni ETF Stock Up 0.3 %

HYD stock opened at $51.68 on Friday. The company’s fifty day simple moving average is $52.54 and its two-hundred day simple moving average is $52.14.

VanEck High Yield Muni ETF Cuts Dividend

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

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.