VanEck High Yield Muni ETF (BATS:HYD) Reaches New 52-Week Low – Should You Sell?

VanEck High Yield Muni ETF (BATS:HYD) shares reached a new 52-week low during trading on Wednesday. The company traded as low as $47.54 and last traded at $47.6350, with a volume of 34825 shares changing hands. The stock had previously closed at $47.90.

VanEck High Yield Muni ETF Stock Performance

The firm has a 50 day simple moving average of $49.47 and a 200-day simple moving average of $50.45.

Institutional Trading of VanEck High Yield Muni ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rosenberg Matthew Hamilton acquired a new position in VanEck High Yield Muni ETF in the third quarter valued at about $91,000. FC Advisory LLC boosted its stake in VanEck High Yield Muni ETF by 152.8% during the third quarter. FC Advisory LLC now owns 23,554 shares of the company’s stock worth $1,131,000 after buying an additional 14,235 shares during the period. Global Wealth Strategies & Associates increased its position in shares of VanEck High Yield Muni ETF by 5.2% during the third quarter. Global Wealth Strategies & Associates now owns 5,077 shares of the company’s stock valued at $244,000 after acquiring an additional 253 shares during the last quarter. Coastline Trust Co purchased a new stake in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at approximately $453,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of VanEck High Yield Muni ETF by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 433,620 shares of the company’s stock valued at $22,336,000 after acquiring an additional 7,347 shares during the period.

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.