Seamount Financial Group Inc. Makes New Investment in VanEck High Yield Muni ETF (BATS:HYD)

Seamount Financial Group Inc. purchased a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,581 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management bought a new stake in shares of VanEck High Yield Muni ETF during the 4th quarter worth about $523,000. Arkadios Wealth Advisors acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $315,000. Westside Investment Management Inc. grew its position in shares of VanEck High Yield Muni ETF by 12.8% in the fourth quarter. Westside Investment Management Inc. now owns 26,099 shares of the company’s stock valued at $1,355,000 after purchasing an additional 2,966 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of VanEck High Yield Muni ETF by 4.1% in the third quarter. D.A. Davidson & CO. now owns 10,380 shares of the company’s stock valued at $551,000 after buying an additional 408 shares during the period. Finally, Insigneo Advisory Services LLC boosted its position in shares of VanEck High Yield Muni ETF by 52.0% during the 3rd quarter. Insigneo Advisory Services LLC now owns 18,774 shares of the company’s stock valued at $996,000 after acquiring an additional 6,420 shares in the last quarter.

VanEck High Yield Muni ETF Price Performance

Shares of BATS:HYD opened at $51.99 on Friday. The firm has a fifty day simple moving average of $51.96 and a two-hundred day simple moving average of $52.27.

VanEck High Yield Muni ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.2067 dividend. The ex-dividend date 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.