Ramsey Quantitative Systems Invests $1.08 Million in VanEck High Yield Muni ETF $HYD

Ramsey Quantitative Systems purchased a new stake in VanEck High Yield Muni ETF (BATS:HYD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 21,000 shares of the company’s stock, valued at approximately $1,082,000. VanEck High Yield Muni ETF comprises 1.0% of Ramsey Quantitative Systems’ portfolio, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in VanEck High Yield Muni ETF by 11.5% during the 4th quarter. NBC Securities Inc. now owns 1,906 shares of the company’s stock valued at $97,000 after purchasing an additional 196 shares during the period. Accredited Investor Services LLC grew its position in shares of VanEck High Yield Muni ETF by 3.0% during the 4th quarter. Accredited Investor Services LLC now owns 8,213 shares of the company’s stock worth $420,000 after buying an additional 238 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in shares of VanEck High Yield Muni ETF by 5.1% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 5,424 shares of the company’s stock worth $277,000 after buying an additional 263 shares during the last quarter. Balefire LLC raised its stake in shares of VanEck High Yield Muni ETF by 3.7% during the first quarter. Balefire LLC now owns 7,494 shares of the company’s stock worth $376,000 after buying an additional 267 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in VanEck High Yield Muni ETF by 4.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,086 shares of the company’s stock valued at $311,000 after buying an additional 267 shares during the period.

VanEck High Yield Muni ETF Stock Performance

Shares of BATS HYD opened at $50.45 on Wednesday. VanEck High Yield Muni ETF has a fifty-two week low of $49.08 and a fifty-two week high of $51.68. The company’s 50 day simple moving average is $51.04 and its 200 day simple moving average is $50.97.

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.