PFG Investments LLC Sells 590 Shares of VanEck High Yield Muni ETF (BATS:HYD)

PFG Investments LLC lessened its stake in VanEck High Yield Muni ETF (BATS:HYD) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,570 shares of the company’s stock after selling 590 shares during the quarter. PFG Investments LLC’s holdings in VanEck High Yield Muni ETF were worth $237,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of VanEck High Yield Muni ETF in the third quarter valued at $5,634,000. Stifel Financial Corp raised its stake in VanEck High Yield Muni ETF by 108.9% in the 3rd 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% during the third quarter. Commonwealth Equity Services LLC now owns 905,340 shares of the company’s stock valued at $48,046,000 after purchasing an additional 86,526 shares during the last quarter. Confluence Investment Management LLC bought a new position in VanEck High Yield Muni ETF during the third quarter worth about $3,505,000. Finally, Brady Martz Wealth Solutions LLC purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $3,329,000.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD stock opened at $51.94 on Friday. The company’s 50 day simple moving average is $52.01 and its 200 day simple moving average is $52.28.

VanEck High Yield Muni ETF 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.