VanEck High Yield Muni ETF (BATS:HYD) Shares Purchased by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC increased its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 98.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 649,000 shares of the company’s stock after purchasing an additional 321,160 shares during the quarter. VanEck High Yield Muni ETF accounts for approximately 1.1% of Ocean Park Asset Management LLC’s holdings, making the stock its 14th biggest position. Ocean Park Asset Management LLC owned approximately 1.14% of VanEck High Yield Muni ETF worth $33,690,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in VanEck High Yield Muni ETF by 108.9% in the third quarter. Stifel Financial Corp now owns 169,159 shares of the company’s stock valued at $8,977,000 after acquiring an additional 88,184 shares during the period. Commonwealth Equity Services LLC lifted its holdings in VanEck High Yield Muni ETF by 10.6% in the third quarter. Commonwealth Equity Services LLC now owns 905,340 shares of the company’s stock valued at $48,046,000 after acquiring an additional 86,526 shares during the period. Confluence Investment Management LLC acquired a new stake in VanEck High Yield Muni ETF in the third quarter valued at $3,505,000. Brady Martz Wealth Solutions LLC acquired a new stake in VanEck High Yield Muni ETF in the fourth quarter valued at $3,329,000. Finally, Kestra Investment Management LLC lifted its holdings in VanEck High Yield Muni ETF by 61.5% in the third quarter. Kestra Investment Management LLC now owns 163,570 shares of the company’s stock valued at $8,681,000 after acquiring an additional 62,278 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of HYD stock opened at $52.00 on Tuesday. The firm has a fifty day moving average price of $51.94 and a two-hundred day moving average price of $52.27.

VanEck High Yield Muni ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.2067 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from VanEck High Yield Muni ETF’s previous dividend of $0.18.

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.