Foster & Motley Inc. Sells 3,021 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Foster & Motley Inc. lowered its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 15.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,160 shares of the company’s stock after selling 3,021 shares during the period. Foster & Motley Inc.’s holdings in VanEck High Yield Muni ETF were worth $834,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HYD. Lincoln National Corp raised its stake in VanEck High Yield Muni ETF by 30.8% during the third quarter. Lincoln National Corp now owns 7,245 shares of the company’s stock worth $356,000 after acquiring an additional 1,705 shares in the last quarter. FAS Wealth Partners Inc. lifted its stake in VanEck High Yield Muni ETF by 33.1% in the 4th quarter. FAS Wealth Partners Inc. now owns 62,394 shares of the company’s stock valued at $3,221,000 after purchasing an additional 15,512 shares during the last quarter. IFG Advisory LLC lifted its stake in VanEck High Yield Muni ETF by 8.2% in the 4th quarter. IFG Advisory LLC now owns 14,021 shares of the company’s stock valued at $724,000 after purchasing an additional 1,066 shares during the last quarter. Retirement Investment Advisors Inc. boosted its position in VanEck High Yield Muni ETF by 15.9% in the third quarter. Retirement Investment Advisors Inc. now owns 121,027 shares of the company’s stock valued at $5,939,000 after buying an additional 16,632 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in shares of VanEck High Yield Muni ETF by 15.4% during the fourth quarter. Wedmont Private Capital now owns 26,352 shares of the company’s stock worth $1,352,000 after buying an additional 3,514 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

Shares of HYD opened at $51.36 on Wednesday. The firm has a 50 day moving average price of $51.77 and a two-hundred day moving average price of $50.78.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid 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.