Royal Bank of Canada Has $87.15 Million Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Royal Bank of Canada grew its stake in VanEck High Yield Muni ETF (BATS:HYD) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,678,884 shares of the company’s stock after buying an additional 75,221 shares during the quarter. Royal Bank of Canada owned 2.95% of VanEck High Yield Muni ETF worth $87,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ellevest Inc. boosted its holdings in shares of VanEck High Yield Muni ETF by 2.3% in the fourth quarter. Ellevest Inc. now owns 200,911 shares of the company’s stock valued at $10,429,000 after buying an additional 4,571 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 11.5% in the fourth quarter. EP Wealth Advisors LLC now owns 4,156 shares of the company’s stock valued at $216,000 after buying an additional 430 shares during the period. Captrust Financial Advisors boosted its holdings in shares of VanEck High Yield Muni ETF by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 37,409 shares of the company’s stock valued at $1,942,000 after buying an additional 467 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of 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 valued at $2,043,000 after buying an additional 198 shares during the period. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of VanEck High Yield Muni ETF by 8.0% in the fourth quarter. Baker Avenue Asset Management LP now owns 17,284 shares of the company’s stock valued at $897,000 after buying an additional 1,282 shares during the period.

VanEck High Yield Muni ETF Trading Down 3.0%

VanEck High Yield Muni ETF stock opened at $49.82 on Tuesday. VanEck High Yield Muni ETF has a twelve month low of $47.78 and a twelve month high of $53.10. The company has a 50 day moving average of $50.38 and a 200-day moving average of $51.44.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1588 per share. The ex-dividend date was Monday, March 3rd.

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.