Grimes & Company Inc. boosted its stake in VanEck High Yield Muni ETF (BATS:HYD – Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,189,221 shares of the company’s stock after purchasing an additional 50,578 shares during the quarter. VanEck High Yield Muni ETF comprises 1.8% of Grimes & Company Inc.’s portfolio, making the stock its 13th largest position. Grimes & Company Inc.’s holdings in VanEck High Yield Muni ETF were worth $61,732,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Moser Wealth Advisors LLC acquired a new position in shares of VanEck High Yield Muni ETF during the third quarter worth $53,000. Farther Finance Advisors LLC raised its holdings in 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. EP Wealth Advisors LLC acquired a new stake in VanEck High Yield Muni ETF in the third quarter valued at $198,000. Coastline Trust Co acquired a new stake in VanEck High Yield Muni ETF in the third quarter valued at $224,000. Finally, Breakwater Capital Group raised its holdings in VanEck High Yield Muni ETF by 10.7% in the fourth quarter. Breakwater Capital Group now owns 4,383 shares of the company’s stock valued at $228,000 after acquiring an additional 422 shares in the last quarter.
VanEck High Yield Muni ETF Stock Performance
HYD opened at $51.78 on Friday. The company has a 50-day moving average of $52.06 and a two-hundred day moving average of $52.29.
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.
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