Envestnet Portfolio Solutions Inc. Has $1.35 Million Stock Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Envestnet Portfolio Solutions Inc. lowered its stake in VanEck High Yield Muni ETF (BATS:HYD) by 32.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 25,997 shares of the company’s stock after selling 12,575 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in VanEck High Yield Muni ETF were worth $1,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wealthfront Advisers LLC grew its stake in VanEck High Yield Muni ETF by 179,713.4% in the fourth quarter. Wealthfront Advisers LLC now owns 39,219,100 shares of the company’s stock valued at $2,035,863,000 after purchasing an additional 39,197,289 shares in the last quarter. Ocean Park Asset Management LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 98.0% in the 4th quarter. Ocean Park Asset Management LLC now owns 649,000 shares of the company’s stock valued at $33,690,000 after buying an additional 321,160 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in shares of VanEck High Yield Muni ETF by 1,388.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 267,056 shares of the company’s stock valued at $13,863,000 after buying an additional 249,120 shares in the last quarter. Raymond James Financial Inc. acquired a new position in VanEck High Yield Muni ETF during the fourth quarter worth $10,215,000. Finally, Stifel Financial Corp raised its position in VanEck High Yield Muni ETF by 108.9% during the third quarter. Stifel Financial Corp now owns 169,159 shares of the company’s stock worth $8,977,000 after acquiring an additional 88,184 shares in the last quarter.

VanEck High Yield Muni ETF Trading Up 0.7 %

Shares of HYD stock opened at $51.72 on Friday. The company has a fifty day moving average price of $51.86 and a two-hundred day moving average price of $52.18. VanEck High Yield Muni ETF has a one year low of $50.78 and a one year high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently declared 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 of this dividend was Monday, March 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.