VanEck High Yield Muni ETF (BATS:HYD) Stock Price Down 0% – Here’s Why

VanEck High Yield Muni ETF (BATS:HYD) shares dropped 0% during trading on Tuesday . The stock traded as low as $49.44 and last traded at $49.45. Approximately 1,164,167 shares changed hands during trading, an increase of 37% from the average daily volume of 848,799 shares. The stock had previously closed at $49.47.

VanEck High Yield Muni ETF Stock Down 0.6%

The business’s fifty day moving average price is $50.45 and its 200 day moving average price is $50.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in VanEck High Yield Muni ETF by 18.5% during the 1st quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock worth $1,038,402,000 after acquiring an additional 3,239,944 shares during the last quarter. Sei Investments Co. raised its position in VanEck High Yield Muni ETF by 8.2% in the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock valued at $175,868,000 after purchasing an additional 264,550 shares during the last quarter. American Family Investments Inc. acquired a new stake in shares of VanEck High Yield Muni ETF during the fourth quarter valued at about $148,607,000. HighTower Advisors LLC boosted its stake in shares of VanEck High Yield Muni ETF by 663.5% during the fourth quarter. HighTower Advisors LLC now owns 2,499,427 shares of the company’s stock valued at $127,771,000 after purchasing an additional 2,172,057 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of VanEck High Yield Muni ETF by 4.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,040,068 shares of the company’s stock worth $104,288,000 after purchasing an additional 79,434 shares during the last quarter.

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.