Rainey & Randall Investment Management Inc. Sells 2,028 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Rainey & Randall Investment Management Inc. trimmed its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,807 shares of the company’s stock after selling 2,028 shares during the quarter. VanEck High Yield Muni ETF accounts for 0.3% of Rainey & Randall Investment Management Inc.’s portfolio, making the stock its 23rd largest holding. Rainey & Randall Investment Management Inc.’s holdings in VanEck High Yield Muni ETF were worth $1,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sei Investments Co. raised its position in shares of VanEck High Yield Muni ETF by 7.7% during the second quarter. Sei Investments Co. now owns 3,796,110 shares of the company’s stock valued at $196,067,000 after buying an additional 270,773 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in VanEck High Yield Muni ETF by 5.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,529,111 shares of the company’s stock valued at $78,981,000 after acquiring an additional 82,090 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of VanEck High Yield Muni ETF by 10.6% during the third quarter. Commonwealth Equity Services LLC now owns 905,340 shares of the company’s stock valued at $48,046,000 after purchasing an additional 86,526 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of VanEck High Yield Muni ETF by 19.2% in the second quarter. Envestnet Asset Management Inc. now owns 873,023 shares of the company’s stock valued at $45,092,000 after purchasing an additional 140,807 shares in the last quarter. Finally, TIAA Trust National Association lifted its position in VanEck High Yield Muni ETF by 1.7% in the first quarter. TIAA Trust National Association now owns 684,389 shares of the company’s stock worth $35,766,000 after purchasing an additional 11,530 shares during the period.

VanEck High Yield Muni ETF Stock Performance

HYD opened at $52.31 on Wednesday. The business’s fifty day simple moving average is $52.62 and its two-hundred day simple moving average is $52.09.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1803 dividend. The ex-dividend date was Tuesday, September 3rd.

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.