Dynamic Advisor Solutions LLC Buys 5,545 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Dynamic Advisor Solutions LLC lifted its position in VanEck High Yield Muni ETF (BATS:HYD) by 29.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,158 shares of the company’s stock after buying an additional 5,545 shares during the period. Dynamic Advisor Solutions LLC’s holdings in VanEck High Yield Muni ETF were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Capital Investment Advisory Services LLC bought a new stake in shares of VanEck High Yield Muni ETF during the 1st quarter valued at about $26,000. Parallel Advisors LLC lifted its holdings in VanEck High Yield Muni ETF by 170.4% during the fourth quarter. Parallel Advisors LLC now owns 511 shares of the company’s stock valued at $26,000 after purchasing an additional 322 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of VanEck High Yield Muni ETF in the second quarter worth approximately $30,000. Register Financial Advisors LLC purchased a new stake in shares of VanEck High Yield Muni ETF in the first quarter worth $36,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter worth $57,000.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD traded up $0.06 during trading hours on Tuesday, reaching $52.18. 480,930 shares of the stock traded hands. The company’s 50-day simple moving average is $52.07 and its 200-day simple moving average is $51.79.

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 an increase from VanEck High Yield Muni ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was 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.