C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in VanEck High Yield Muni ETF (BATS:HYD)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in VanEck High Yield Muni ETF (BATS:HYD) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,987 shares of the company’s stock, valued at approximately $259,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its stake in VanEck High Yield Muni ETF by 69.6% in the 4th quarter. Spire Wealth Management now owns 475 shares of the company’s stock valued at $25,000 after buying an additional 195 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in VanEck High Yield Muni ETF in the 3rd quarter valued at $53,000. Farther Finance Advisors LLC raised its position in shares of VanEck High Yield Muni ETF by 1,541.8% in the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock valued at $85,000 after buying an additional 1,511 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $170,000. Finally, EP Wealth Advisors LLC acquired a new position in VanEck High Yield Muni ETF during the third quarter worth about $198,000.

VanEck High Yield Muni ETF Trading Up 1.0 %

BATS HYD opened at $51.85 on Friday. The stock’s fifty day moving average is $51.89 and its two-hundred day moving average is $52.26.

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 dividend of $0.2067 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change 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.