Sei Investments Co. Has $151.23 Million Stake in VanEck High Yield Muni ETF $HYD

Sei Investments Co. raised its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 2.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,971,087 shares of the company’s stock after purchasing an additional 83,702 shares during the quarter. Sei Investments Co.’s holdings in VanEck High Yield Muni ETF were worth $151,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of HYD. Northwestern Mutual Wealth Management Co. increased its stake in shares of VanEck High Yield Muni ETF by 4.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,790,742 shares of the company’s stock valued at $89,913,000 after buying an additional 73,586 shares in the last quarter. Forum Financial Management LP lifted its position in VanEck High Yield Muni ETF by 609.9% during the 3rd quarter. Forum Financial Management LP now owns 1,277,016 shares of the company’s stock worth $65,000,000 after buying an additional 1,097,133 shares in the last quarter. Assetmark Inc. grew its holdings in VanEck High Yield Muni ETF by 2.8% during the 3rd quarter. Assetmark Inc. now owns 1,251,194 shares of the company’s stock worth $63,686,000 after acquiring an additional 34,287 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in VanEck High Yield Muni ETF by 38.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 568,929 shares of the company’s stock worth $28,547,000 after acquiring an additional 158,024 shares during the last quarter. Finally, UBS Group AG increased its position in VanEck High Yield Muni ETF by 9.2% in the 3rd quarter. UBS Group AG now owns 366,264 shares of the company’s stock valued at $18,643,000 after acquiring an additional 30,734 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

HYD opened at $50.48 on Friday. VanEck High Yield Muni ETF has a 1-year low of $47.78 and a 1-year high of $51.99. The firm has a 50-day moving average price of $51.16 and a two-hundred day moving average price of $50.92.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1717 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.