Prudential Financial Inc. Trims Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Posted by Steven Smith on Mar 30th, 2025

Prudential Financial Inc. decreased its stake in shares of VanEck High Yield Muni ETF (BATS:HYD – Free Report) by 16.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 179,139 shares of the company’s stock after selling 34,994 shares during the period. Prudential Financial Inc.’s holdings in VanEck High Yield Muni ETF were worth $9,299,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management lifted its holdings in shares of 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 buying an additional 195 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in VanEck High Yield Muni ETF in the 4th quarter worth approximately $170,000. EP Wealth Advisors LLC bought a new position in VanEck High Yield Muni ETF in the 3rd quarter valued at $198,000. Breakwater Capital Group grew its position in shares of VanEck High Yield Muni ETF by 10.7% during the 4th quarter. Breakwater Capital Group now owns 4,383 shares of the company’s stock valued at $228,000 after purchasing an additional 422 shares in the last quarter. Finally, Sovran Advisors LLC bought a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth $226,000.

VanEck High Yield Muni ETF Price Performance

BATS:HYD opened at $51.06 on Friday. VanEck High Yield Muni ETF has a 52-week low of $50.75 and a 52-week high of $53.10. The stock has a fifty day moving average of $51.83 and a 200 day moving average of $52.13.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1588 per share. The ex-dividend date was Monday, March 3rd.

About VanEck High Yield Muni ETF

(Free Report)

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.