Bank of America Corp DE Acquires 3,239,944 Shares of VanEck High Yield Muni ETF $HYD

Bank of America Corp DE boosted its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 18.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,710,046 shares of the company’s stock after purchasing an additional 3,239,944 shares during the quarter. Bank of America Corp DE owned approximately 31.36% of VanEck High Yield Muni ETF worth $1,038,402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sei Investments Co. lifted its holdings in shares of VanEck High Yield Muni ETF by 8.2% in the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock worth $175,868,000 after buying an additional 264,550 shares in the last quarter. American Family Investments Inc. purchased a new position in VanEck High Yield Muni ETF during the fourth quarter valued at $148,607,000. HighTower Advisors LLC increased its holdings in VanEck High Yield Muni ETF by 663.5% in the 4th quarter. HighTower Advisors LLC now owns 2,499,427 shares of the company’s stock valued at $127,771,000 after acquiring an additional 2,172,057 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck High Yield Muni ETF by 4.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,040,068 shares of the company’s stock valued at $104,288,000 after acquiring an additional 79,434 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in VanEck High Yield Muni ETF by 126.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,507,331 shares of the company’s stock worth $77,055,000 after purchasing an additional 841,078 shares in the last quarter.

VanEck High Yield Muni ETF Trading Down 0.1%

Shares of HYD stock opened at $50.22 on Friday. The company’s fifty day simple moving average is $51.15 and its two-hundred day simple moving average is $51.02. VanEck High Yield Muni ETF has a 52 week low of $49.08 and a 52 week high of $51.68.

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.