Cyndeo Wealth Partners LLC Sells 18,694 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Cyndeo Wealth Partners LLC reduced its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 16.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,088 shares of the company’s stock after selling 18,694 shares during the period. Cyndeo Wealth Partners LLC owned 0.14% of VanEck High Yield Muni ETF worth $4,969,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its position in VanEck High Yield Muni ETF by 0.5% in the fourth quarter. Baird Financial Group Inc. now owns 39,364 shares of the company’s stock worth $2,043,000 after acquiring an additional 198 shares during the period. Advisory Services Network LLC raised its position in VanEck High Yield Muni ETF by 4.6% in the fourth quarter. Advisory Services Network LLC now owns 4,504 shares of the company’s stock worth $234,000 after acquiring an additional 199 shares during the period. Cypress Financial Planning LLC raised its position in VanEck High Yield Muni ETF by 4.4% in the first quarter. Cypress Financial Planning LLC now owns 5,936 shares of the company’s stock worth $304,000 after acquiring an additional 249 shares during the period. Summit Financial LLC raised its position in VanEck High Yield Muni ETF by 3.1% in the fourth quarter. Summit Financial LLC now owns 9,686 shares of the company’s stock worth $503,000 after acquiring an additional 287 shares during the period. Finally, Headlands Technologies LLC raised its position in VanEck High Yield Muni ETF by 153.7% in the fourth quarter. Headlands Technologies LLC now owns 576 shares of the company’s stock worth $30,000 after acquiring an additional 349 shares during the period.

VanEck High Yield Muni ETF Stock Down 3.3%

Shares of HYD stock opened at $49.66 on Monday. VanEck High Yield Muni ETF has a 52 week low of $47.78 and a 52 week high of $53.10. The firm’s 50-day simple moving average is $49.79 and its two-hundred day simple moving average is $51.10.

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.