Prossimo Advisors LLC Acquires New Position in VanEck High Yield Muni ETF (BATS:HYD)

Prossimo Advisors LLC purchased a new position in VanEck High Yield Muni ETF (BATS:HYD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,340 shares of the company’s stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in VanEck High Yield Muni ETF by 1,541.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $85,000 after purchasing an additional 1,511 shares during the period. Valmark Advisers Inc. boosted its stake in VanEck High Yield Muni ETF by 2.6% in the 3rd quarter. Valmark Advisers Inc. now owns 36,690 shares of the company’s stock worth $1,947,000 after purchasing an additional 939 shares during the period. Richardson Financial Services Inc. boosted its stake in VanEck High Yield Muni ETF by 8.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 9,681 shares of the company’s stock worth $501,000 after purchasing an additional 789 shares during the period. PFG Investments LLC bought a new position in VanEck High Yield Muni ETF in the 3rd quarter worth approximately $274,000. Finally, Grimes & Company Inc. boosted its stake in VanEck High Yield Muni ETF by 2.3% in the 3rd quarter. Grimes & Company Inc. now owns 1,138,643 shares of the company’s stock worth $60,428,000 after purchasing an additional 25,109 shares during the period.

VanEck High Yield Muni ETF Stock Down 0.0 %

HYD stock opened at $52.04 on Friday. The business has a fifty day simple moving average of $52.58 and a 200 day simple moving average of $52.13.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1803 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.