Evolution Wealth Advisors LLC Cuts Stake in VanEck High Yield Muni ETF (BATS:HYD)

Evolution Wealth Advisors LLC lowered its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 44.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,740 shares of the company’s stock after selling 4,534 shares during the period. Evolution Wealth Advisors LLC’s holdings in VanEck High Yield Muni ETF were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Jane Street Group LLC boosted its position in VanEck High Yield Muni ETF by 25,136.4% during the fourth quarter. Jane Street Group LLC now owns 1,464,971 shares of the company’s stock worth $74,054,000 after acquiring an additional 1,459,166 shares during the last quarter. Grimes & Company Inc. acquired a new position in VanEck High Yield Muni ETF during the fourth quarter worth about $56,648,000. TIAA Trust National Association acquired a new position in VanEck High Yield Muni ETF in the 3rd quarter valued at about $37,850,000. Bank of New York Mellon Corp acquired a new position in VanEck High Yield Muni ETF in the 3rd quarter valued at about $19,017,000. Finally, Assetmark Inc. boosted its holdings in VanEck High Yield Muni ETF by 74.1% in the 3rd quarter. Assetmark Inc. now owns 841,015 shares of the company’s stock valued at $41,269,000 after purchasing an additional 357,974 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

BATS:HYD traded up $0.03 on Friday, hitting $51.46. The stock had a trading volume of 347,476 shares. The stock has a fifty day moving average price of $51.76 and a two-hundred day moving average price of $50.68.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.1942 dividend. The ex-dividend date of this dividend was Monday, April 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.