Rainey & Randall Wealth Advisors Inc. Raises Stock Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Rainey & Randall Wealth Advisors Inc. increased its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,449 shares of the company’s stock after acquiring an additional 1,642 shares during the quarter. VanEck High Yield Muni ETF makes up about 0.3% of Rainey & Randall Wealth Advisors Inc.’s holdings, making the stock its 25th largest position. Rainey & Randall Wealth Advisors Inc. owned about 0.05% of VanEck High Yield Muni ETF worth $1,477,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ocean Park Asset Management LLC raised its stake in shares of VanEck High Yield Muni ETF by 98.0% during the 4th quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock worth $33,690,000 after purchasing an additional 321,160 shares during the period. Stifel Financial Corp raised its position in VanEck High Yield Muni ETF by 108.9% in the third quarter. Stifel Financial Corp now owns 169,159 shares of the company’s stock worth $8,977,000 after acquiring an additional 88,184 shares during the period. Confluence Investment Management LLC purchased a new position in VanEck High Yield Muni ETF in the third quarter valued at about $3,505,000. Brady Martz Wealth Solutions LLC bought a new position in shares of VanEck High Yield Muni ETF during the 4th quarter valued at approximately $3,329,000. Finally, Kestra Investment Management LLC increased its stake in shares of VanEck High Yield Muni ETF by 61.5% during the 3rd quarter. Kestra Investment Management LLC now owns 163,570 shares of the company’s stock worth $8,681,000 after purchasing an additional 62,278 shares during the last quarter.

VanEck High Yield Muni ETF Trading Up 1.5 %

BATS:HYD opened at $52.12 on Friday. The business has a 50 day moving average of $51.79 and a 200 day moving average of $52.24.

VanEck High Yield Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.2067 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change 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.