Xcel Wealth Management LLC Buys 450 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Xcel Wealth Management LLC boosted its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 6.0% in the fourth quarter, HoldingsChannel reports. The firm owned 7,950 shares of the company’s stock after purchasing an additional 450 shares during the quarter. Xcel Wealth Management LLC’s holdings in VanEck High Yield Muni ETF were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in VanEck High Yield Muni ETF by 69.6% during the fourth quarter. Spire Wealth Management now owns 475 shares of the company’s stock worth $25,000 after purchasing an additional 195 shares during the period. Moser Wealth Advisors LLC bought a new stake in shares of VanEck High Yield Muni ETF in the third quarter valued at about $53,000. Farther Finance Advisors LLC boosted its position in shares of VanEck High Yield Muni ETF by 1,541.8% in the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock valued at $85,000 after acquiring an additional 1,511 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at about $170,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of VanEck High Yield Muni ETF in the third quarter valued at about $198,000.

VanEck High Yield Muni ETF Price Performance

Shares of VanEck High Yield Muni ETF stock opened at $52.50 on Friday. The company has a 50-day simple moving average of $51.84 and a 200-day simple moving average of $52.24.

VanEck High Yield Muni ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.2067 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from VanEck High Yield Muni ETF’s previous dividend of $0.18.

VanEck High Yield Muni ETF Company 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.