Summit Wealth Group LLC Co. reduced its stake in VanEck High Yield Muni ETF (BATS:HYD – Free Report) by 95.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,376 shares of the company’s stock after selling 121,955 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in VanEck High Yield Muni ETF were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Boyd Watterson Asset Management LLC OH bought a new position in shares of VanEck High Yield Muni ETF during the fourth quarter valued at $25,000. US Bancorp DE increased its holdings in VanEck High Yield Muni ETF by 101.1% in the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock worth $27,000 after buying an additional 271 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in VanEck High Yield Muni ETF in the 3rd quarter worth about $30,000. CoreCap Advisors LLC increased its holdings in VanEck High Yield Muni ETF by 753.2% in the 3rd quarter. CoreCap Advisors LLC now owns 657 shares of the company’s stock worth $33,000 after buying an additional 580 shares in the last quarter. Finally, JDM Financial Group LLC bought a new stake in VanEck High Yield Muni ETF in the 4th quarter worth about $38,000.
VanEck High Yield Muni ETF Trading Down 0.2%
Shares of HYD opened at $50.91 on Thursday. The firm has a fifty day simple moving average of $50.77 and a two-hundred day simple moving average of $51.00. VanEck High Yield Muni ETF has a 1-year low of $48.85 and a 1-year high of $51.66.
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.
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