Truist Financial Corp Has $7.24 Million Stock Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Truist Financial Corp cut its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 14.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,413 shares of the company’s stock after selling 24,360 shares during the period. Truist Financial Corp owned about 0.25% of VanEck High Yield Muni ETF worth $7,237,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brookstone Capital Management acquired a new stake in VanEck High Yield Muni ETF during the 4th quarter worth approximately $523,000. Arkadios Wealth Advisors acquired a new stake in VanEck High Yield Muni ETF during the 4th quarter worth approximately $315,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in VanEck High Yield Muni ETF during the 4th quarter worth approximately $170,000. Westside Investment Management Inc. boosted its position in VanEck High Yield Muni ETF by 12.8% during the 4th quarter. Westside Investment Management Inc. now owns 26,099 shares of the company’s stock worth $1,355,000 after buying an additional 2,966 shares during the period. Finally, D.A. Davidson & CO. boosted its position in VanEck High Yield Muni ETF by 4.1% during the 3rd quarter. D.A. Davidson & CO. now owns 10,380 shares of the company’s stock worth $551,000 after buying an additional 408 shares during the period.

VanEck High Yield Muni ETF Stock Performance

BATS:HYD opened at $52.12 on Friday. The stock’s 50 day simple moving average is $51.80 and its 200 day simple moving average is $52.24.

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 $0.2067 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from VanEck High Yield Muni ETF’s previous dividend of $0.18.

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.