Focus Partners Wealth Reduces Stake in VanEck High Yield Muni ETF $HYD

Focus Partners Wealth trimmed its stake in VanEck High Yield Muni ETF (BATS:HYD) by 8.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,245,068 shares of the company’s stock after selling 116,843 shares during the period. Focus Partners Wealth’s holdings in VanEck High Yield Muni ETF were worth $63,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Integrity Financial Corp WA purchased a new position in VanEck High Yield Muni ETF in the fourth quarter valued at about $125,000. Aptus Capital Advisors LLC increased its stake in shares of VanEck High Yield Muni ETF by 18.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,776 shares of the company’s stock worth $91,000 after purchasing an additional 280 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of VanEck High Yield Muni ETF by 24.2% in the fourth quarter. CreativeOne Wealth LLC now owns 27,537 shares of the company’s stock worth $1,408,000 after purchasing an additional 5,372 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of VanEck High Yield Muni ETF by 18.9% in the fourth quarter. Kestra Advisory Services LLC now owns 74,291 shares of the company’s stock worth $3,798,000 after purchasing an additional 11,794 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of VanEck High Yield Muni ETF by 149.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 72,314 shares of the company’s stock worth $3,696,000 after purchasing an additional 43,281 shares in the last quarter.

VanEck High Yield Muni ETF Trading Down 0.0%

HYD opened at $51.36 on Tuesday. The firm has a 50-day moving average price of $51.04 and a 200-day moving average price of $51.01. VanEck High Yield Muni ETF has a twelve month low of $48.85 and a twelve month 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.