Idaho Trust Bank Raises Position in VanEck High Yield Muni ETF (BATS:HYD)

Idaho Trust Bank boosted its stake in VanEck High Yield Muni ETF (BATS:HYD) by 36.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,437 shares of the company’s stock after buying an additional 12,239 shares during the quarter. VanEck High Yield Muni ETF comprises approximately 1.2% of Idaho Trust Bank’s portfolio, making the stock its 26th biggest holding. Idaho Trust Bank’s holdings in VanEck High Yield Muni ETF were worth $2,358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HYD. 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 worth $25,000 after purchasing an additional 195 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in VanEck High Yield Muni ETF in the 3rd quarter worth approximately $53,000. Farther Finance Advisors LLC lifted its stake in VanEck High Yield Muni ETF by 1,541.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $85,000 after purchasing an additional 1,511 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in VanEck High Yield Muni ETF in the 4th quarter worth approximately $170,000. Finally, EP Wealth Advisors LLC purchased a new position in VanEck High Yield Muni ETF in the 3rd quarter worth approximately $198,000.

VanEck High Yield Muni ETF Stock Performance

Shares of BATS HYD opened at $51.60 on Wednesday. The company has a 50 day simple moving average of $51.88 and a 200-day simple moving average of $52.22. VanEck High Yield Muni ETF has a 1 year low of $50.78 and a 1 year high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

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

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.