Concourse Financial Group Securities Inc. Raises Position in VanEck High Yield Muni ETF (BATS:HYD)

Concourse Financial Group Securities Inc. raised its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 33.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,631 shares of the company’s stock after buying an additional 3,157 shares during the period. Concourse Financial Group Securities Inc.’s holdings in VanEck High Yield Muni ETF were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HYD. Grimes & Company Inc. purchased a new position in VanEck High Yield Muni ETF in the 4th quarter worth approximately $56,648,000. Forum Financial Management LP bought a new stake in VanEck High Yield Muni ETF during the 4th quarter valued at $27,487,000. Sage Mountain Advisors LLC boosted its position in VanEck High Yield Muni ETF by 4,067.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 387,853 shares of the company’s stock valued at $20,025,000 after buying an additional 378,547 shares during the period. Counterpoint Mutual Funds LLC grew its holdings in VanEck High Yield Muni ETF by 103.5% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 657,359 shares of the company’s stock worth $34,354,000 after acquiring an additional 334,308 shares during the last quarter. Finally, Wright Fund Management LLC purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter valued at about $15,138,000.

VanEck High Yield Muni ETF Trading Up 0.4 %

Shares of VanEck High Yield Muni ETF stock traded up $0.19 during trading on Friday, reaching $52.02. 741,171 shares of the stock were exchanged. The stock’s 50-day moving average is $51.71 and its two-hundred day moving average is $51.63.

VanEck High Yield Muni ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a $0.1882 dividend. This is a positive change from VanEck High Yield Muni ETF’s previous dividend of $0.19. The ex-dividend date was Monday, July 1st.

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.