Wealth Enhancement Advisory Services LLC Grows Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Wealth Enhancement Advisory Services LLC increased its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 21.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,778 shares of the company’s stock after purchasing an additional 6,433 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of VanEck High Yield Muni ETF worth $1,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYD. Parallel Advisors LLC boosted its stake in VanEck High Yield Muni ETF by 170.4% in the fourth quarter. Parallel Advisors LLC now owns 511 shares of the company’s stock valued at $26,000 after acquiring an additional 322 shares during the last quarter. Blue Trust Inc. boosted its stake in VanEck High Yield Muni ETF by 44.2% in the fourth quarter. Blue Trust Inc. now owns 793 shares of the company’s stock valued at $39,000 after acquiring an additional 243 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in VanEck High Yield Muni ETF in the fourth quarter valued at about $57,000. Global Retirement Partners LLC boosted its stake in VanEck High Yield Muni ETF by 549.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,495 shares of the company’s stock valued at $128,000 after acquiring an additional 2,111 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in VanEck High Yield Muni ETF in the fourth quarter valued at about $185,000.

VanEck High Yield Muni ETF Stock Performance

HYD opened at $51.83 on Friday. The company has a fifty day moving average of $51.69 and a 200-day moving average of $51.62.

VanEck High Yield Muni ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be paid a $0.1882 dividend. This is a boost from VanEck High Yield Muni ETF’s previous dividend of $0.19. The ex-dividend date is Monday, July 1st.

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.