Rainey & Randall Wealth Advisors Inc. Buys 1,642 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Rainey & Randall Wealth Advisors Inc. raised its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 28,449 shares of the company’s stock after purchasing an additional 1,642 shares during the period. VanEck High Yield Muni ETF makes up 0.3% of Rainey & Randall Wealth Advisors Inc.’s portfolio, making the stock its 25th biggest position. Rainey & Randall Wealth Advisors Inc.’s holdings in VanEck High Yield Muni ETF were worth $1,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Private Advisor Group LLC lifted its holdings in shares of VanEck High Yield Muni ETF by 7.1% during the 3rd quarter. Private Advisor Group LLC now owns 20,815 shares of the company’s stock worth $1,105,000 after acquiring an additional 1,378 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of VanEck High Yield Muni ETF by 2.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 24,439 shares of the company’s stock worth $1,297,000 after purchasing an additional 561 shares in the last quarter. PFG Investments LLC purchased a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter worth about $274,000. Richardson Financial Services Inc. increased its position in shares of VanEck High Yield Muni ETF by 8.9% during the 3rd quarter. Richardson Financial Services Inc. now owns 9,681 shares of the company’s stock valued at $501,000 after purchasing an additional 789 shares during the last quarter. Finally, Valmark Advisers Inc. raised its holdings in shares of VanEck High Yield Muni ETF by 2.6% during the 3rd quarter. Valmark Advisers Inc. now owns 36,690 shares of the company’s stock valued at $1,947,000 after buying an additional 939 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 1.5 %

BATS:HYD opened at $52.12 on Friday. The stock has a fifty day moving average price of $51.79 and a 200 day moving average price of $52.24.

VanEck High Yield Muni ETF Increases Dividend

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