MMA Asset Management LLC Has $775,000 Holdings in VanEck High Yield Muni ETF (BATS:HYD)

MMA Asset Management LLC cut its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 43.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,926 shares of the company’s stock after selling 11,351 shares during the period. MMA Asset Management LLC’s holdings in VanEck High Yield Muni ETF were worth $775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management increased its holdings 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 buying an additional 195 shares during the last quarter. Moser Wealth Advisors LLC acquired a new position in VanEck High Yield Muni ETF during the third quarter worth $53,000. Farther Finance Advisors LLC increased its holdings in VanEck High Yield Muni ETF by 1,541.8% during the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $85,000 after buying an additional 1,511 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in VanEck High Yield Muni ETF during the fourth quarter worth $170,000. Finally, EP Wealth Advisors LLC acquired a new position in VanEck High Yield Muni ETF during the third quarter worth $198,000.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD opened at $52.50 on Friday. The stock’s fifty day moving average price is $51.84 and its two-hundred day moving average price is $52.24.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be issued a dividend of $0.1588 per share. The ex-dividend date of this dividend is Monday, March 3rd.

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.