Latitude Advisors LLC Buys New Stake in VanEck High Yield Muni ETF (BATS:HYD)

Latitude Advisors LLC purchased a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) in the fourth quarter, Holdings Channel reports. The fund purchased 4,618 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors also recently added to or reduced their stakes in HYD. Spire Wealth Management lifted its holdings in VanEck High Yield Muni ETF by 69.6% in the fourth quarter. Spire Wealth Management now owns 475 shares of the company’s stock worth $25,000 after purchasing an additional 195 shares during the period. Moser Wealth Advisors LLC acquired a new stake in shares of VanEck High Yield Muni ETF in the 3rd quarter worth approximately $53,000. Farther Finance Advisors LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 1,541.8% in the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock valued at $85,000 after acquiring an additional 1,511 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of VanEck High Yield Muni ETF during the fourth quarter valued at approximately $170,000. Finally, EP Wealth Advisors LLC bought a new stake in VanEck High Yield Muni ETF during the third quarter worth approximately $198,000.

VanEck High Yield Muni ETF Price Performance

HYD opened at $52.00 on Tuesday. The business has a fifty day moving average price of $51.94 and a 200 day moving average price of $52.27.

VanEck High Yield Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2067 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from VanEck High Yield Muni ETF’s previous dividend of $0.18.

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.