VanEck High Yield Muni ETF (BATS:HYD – Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $48.80 and last traded at $48.8560, with a volume of 244032 shares changing hands. The stock had previously closed at $48.95.
VanEck High Yield Muni ETF Stock Performance
The business’s 50 day moving average is $50.19 and its 200 day moving average is $50.71.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in VanEck High Yield Muni ETF by 18.5% during the first quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock worth $1,038,402,000 after purchasing an additional 3,239,944 shares during the last quarter. Sei Investments Co. raised its holdings 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 in the last quarter. HighTower Advisors LLC raised its holdings in 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 worth $127,771,000 after purchasing an additional 2,172,057 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of VanEck High Yield Muni ETF by 4.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,040,068 shares of the company’s stock valued at $104,288,000 after buying an additional 79,434 shares in the last quarter. Finally, Forum Financial Management LP boosted its holdings in shares of VanEck High Yield Muni ETF by 1.7% in the 1st quarter. Forum Financial Management LP now owns 1,273,542 shares of the company’s stock valued at $63,855,000 after buying an additional 21,471 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.
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