Sykon Capital LLC Makes New Investment in VanEck High Yield Muni ETF (BATS:HYD)

Sykon Capital LLC purchased a new stake in shares of VanEck High Yield Muni ETF (BATS:HYD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,512 shares of the company’s stock, valued at approximately $2,453,000. Sykon Capital LLC owned 0.08% of VanEck High Yield Muni ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of VanEck High Yield Muni ETF by 44.2% in the 4th quarter. Blue Trust Inc. now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 243 shares during the period. Clearstead Advisors LLC bought a new stake in VanEck High Yield Muni ETF during the 3rd quarter valued at $108,000. Global Retirement Partners LLC increased its holdings 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 period. Davidson Investment Advisors bought a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter worth $128,000. Finally, Advisors Preferred LLC purchased a new stake in shares of VanEck High Yield Muni ETF during the 4th quarter worth $185,000.

VanEck High Yield Muni ETF Price Performance

HYD traded up $0.38 on Friday, hitting $51.52. The company had a trading volume of 928,654 shares. The company has a 50-day simple moving average of $51.71 and a two-hundred day simple moving average of $50.90.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.1942 per share. The ex-dividend date was Monday, April 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.