VanEck High Yield Muni ETF (BATS:HYD) Sets New 52-Week High – Here’s What Happened

VanEck High Yield Muni ETF (BATS:HYD)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $51.68 and last traded at $51.68, with a volume of 743860 shares changing hands. The stock had previously closed at $51.47.

VanEck High Yield Muni ETF Price Performance

The company’s 50-day moving average price is $51.14 and its 200 day moving average price is $51.04.

Institutional Trading of VanEck High Yield Muni ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Boyd Watterson Asset Management LLC OH purchased a new position in shares of VanEck High Yield Muni ETF during the 4th quarter worth approximately $25,000. US Bancorp DE raised its position in shares of 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 acquiring an additional 271 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at approximately $30,000. Basecamp Wealth Advisors LLC purchased a new position in shares of VanEck High Yield Muni ETF in the 1st quarter valued at approximately $37,000. Finally, JDM Financial Group LLC bought a new stake in shares of VanEck High Yield Muni ETF during the fourth quarter valued at approximately $38,000.

About VanEck High Yield Muni ETF

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.