Collaborative Wealth Managment Inc. Has $244,000 Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Collaborative Wealth Managment Inc. reduced its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 35.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,694 shares of the company’s stock after selling 2,587 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in VanEck High Yield Muni ETF were worth $244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brookstone Capital Management acquired a new position in shares of VanEck High Yield Muni ETF in the 4th quarter worth approximately $523,000. Jones Financial Companies Lllp boosted its holdings in shares of VanEck High Yield Muni ETF by 67.9% in the 4th quarter. Jones Financial Companies Lllp now owns 19,161 shares of the company’s stock worth $995,000 after acquiring an additional 7,748 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of VanEck High Yield Muni ETF in the 4th quarter worth approximately $315,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of VanEck High Yield Muni ETF in the 4th quarter worth approximately $170,000. Finally, Principal Securities Inc. boosted its holdings in shares of VanEck High Yield Muni ETF by 738.8% in the 4th quarter. Principal Securities Inc. now owns 7,180 shares of the company’s stock worth $373,000 after acquiring an additional 6,324 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 0.7 %

BATS:HYD opened at $51.72 on Friday. The stock’s fifty day moving average price is $51.87 and its two-hundred day moving average price is $52.20. VanEck High Yield Muni ETF has a 52-week low of $50.78 and a 52-week high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

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

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.