Truist Financial Corp Lowers Holdings in VanEck High Yield Muni ETF $HYD

Truist Financial Corp reduced its position in VanEck High Yield Muni ETF (BATS:HYD) by 63.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,868 shares of the company’s stock after selling 65,380 shares during the period. Truist Financial Corp owned approximately 0.06% of VanEck High Yield Muni ETF worth $1,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avidian Wealth Enterprises LLC acquired a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at about $3,218,000. ACT Wealth Management LLC acquired a new position in shares of VanEck High Yield Muni ETF in the 4th quarter valued at about $545,000. Counterpoint Mutual Funds LLC acquired a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at about $18,230,000. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in shares of VanEck High Yield Muni ETF by 19.5% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 104,445 shares of the company’s stock valued at $5,339,000 after purchasing an additional 17,072 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of VanEck High Yield Muni ETF by 74.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 42,266 shares of the company’s stock valued at $2,161,000 after purchasing an additional 18,085 shares in the last quarter.

VanEck High Yield Muni ETF Stock Down 0.2%

BATS HYD opened at $50.91 on Thursday. VanEck High Yield Muni ETF has a 1-year low of $48.85 and a 1-year high of $51.66. The business’s 50-day simple moving average is $50.77 and its 200-day simple moving average is $51.00.

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.