VanEck High Yield Muni ETF (BATS:HYD) Hits New 12-Month Low – Here’s Why

VanEck High Yield Muni ETF (BATS:HYD) reached a new 52-week low during trading on Wednesday. The company traded as low as $47.54 and last traded at $47.6350, with a volume of 34825 shares. The stock had previously closed at $47.90.

VanEck High Yield Muni ETF Trading Up 0.3%

The company’s 50-day moving average is $49.37 and its two-hundred day moving average is $50.42.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in VanEck High Yield Muni ETF by 18.5% in the 1st quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock valued at $1,038,402,000 after acquiring an additional 3,239,944 shares during the period. Ocean Park Asset Management LLC bought a new position in VanEck High Yield Muni ETF during the second quarter worth about $34,290,000. Sei Investments Co. boosted its position in VanEck High Yield Muni ETF by 8.2% during the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock worth $175,868,000 after purchasing an additional 264,550 shares during the period. Avidian Wealth Enterprises LLC purchased a new position in shares of VanEck High Yield Muni ETF in the third quarter worth about $3,004,000. Finally, Hamilton Wealth LLC increased its stake in shares of VanEck High Yield Muni ETF by 126.9% in the fourth quarter. Hamilton Wealth LLC now owns 98,723 shares of the company’s stock worth $5,047,000 after purchasing an additional 55,208 shares in 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.