Ocean Park Asset Management LLC Invests $34.29 Million in VanEck High Yield Muni ETF $HYD

Ocean Park Asset Management LLC acquired a new stake in shares of VanEck High Yield Muni ETF (BATS:HYD) during the second quarter, HoldingsChannel.com reports. The fund acquired 665,700 shares of the company’s stock, valued at approximately $34,290,000. VanEck High Yield Muni ETF comprises about 1.7% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 13th largest position.

Other institutional investors have also made changes to their positions in the company. Brindle & Bay Financial Advisors LLC acquired a new position in VanEck High Yield Muni ETF during the fourth quarter valued at approximately $934,000. Diversified Enterprises LLC raised its position in shares of VanEck High Yield Muni ETF by 93.7% in the fourth quarter. Diversified Enterprises LLC now owns 31,606 shares of the company’s stock valued at $1,616,000 after purchasing an additional 15,293 shares during the period. Forum Financial Management LP lifted its stake in shares of VanEck High Yield Muni ETF by 1.7% in the first quarter. Forum Financial Management LP now owns 1,273,542 shares of the company’s stock worth $63,855,000 after buying an additional 21,471 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck High Yield Muni ETF by 4.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,040,068 shares of the company’s stock worth $104,288,000 after buying an additional 79,434 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 1,323.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 15,332 shares of the company’s stock worth $784,000 after buying an additional 14,255 shares during the period.

VanEck High Yield Muni ETF Price Performance

BATS HYD opened at $50.45 on Wednesday. VanEck High Yield Muni ETF has a 1 year low of $49.08 and a 1 year high of $51.68. The company has a fifty day simple moving average of $51.04 and a 200 day simple moving average of $50.97.

VanEck High Yield Muni ETF 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.