Grimes & Company Inc. Sells 8,818 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Grimes & Company Inc. reduced its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 0.8% in the first quarter, HoldingsChannel.com reports. The fund owned 1,088,382 shares of the company’s stock after selling 8,818 shares during the quarter. VanEck High Yield Muni ETF accounts for approximately 1.7% of Grimes & Company Inc.’s portfolio, making the stock its 12th largest position. Grimes & Company Inc.’s holdings in VanEck High Yield Muni ETF were worth $56,879,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HYD. Parallel Advisors LLC grew its holdings in shares of VanEck High Yield Muni ETF by 170.4% during the 4th quarter. Parallel Advisors LLC now owns 511 shares of the company’s stock valued at $26,000 after purchasing an additional 322 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in VanEck High Yield Muni ETF during the first quarter valued at about $36,000. Blue Trust Inc. grew its stake in shares of VanEck High Yield Muni ETF by 44.2% during the fourth quarter. Blue Trust Inc. now owns 793 shares of the company’s stock valued at $39,000 after buying an additional 243 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $57,000. Finally, Global Retirement Partners LLC lifted its stake in shares of VanEck High Yield Muni ETF by 549.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,495 shares of the company’s stock valued at $128,000 after acquiring an additional 2,111 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

HYD traded down $0.20 on Friday, hitting $51.65. 555,901 shares of the company were exchanged. The stock’s 50 day moving average price is $51.66 and its two-hundred day moving average price is $51.61.

VanEck High Yield Muni ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be issued a dividend of $0.1882 per share. This is a positive change from VanEck High Yield Muni ETF’s previous dividend of $0.19. The ex-dividend date of this dividend is Monday, July 1st.

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.