Foster & Motley Inc. Sells 3,021 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Foster & Motley Inc. reduced its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,160 shares of the company’s stock after selling 3,021 shares during the quarter. Foster & Motley Inc.’s holdings in VanEck High Yield Muni ETF were worth $834,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HYD. AE Wealth Management LLC increased its position in VanEck High Yield Muni ETF by 2.1% during the 3rd quarter. AE Wealth Management LLC now owns 12,896 shares of the company’s stock valued at $633,000 after purchasing an additional 260 shares during the period. Naples Global Advisors LLC bought a new position in VanEck High Yield Muni ETF in the third quarter worth about $214,000. Capital Investment Advisors LLC purchased a new stake in VanEck High Yield Muni ETF in the third quarter worth about $231,000. DAVENPORT & Co LLC bought a new stake in VanEck High Yield Muni ETF during the 3rd quarter valued at approximately $241,000. Finally, Nikulski Financial Inc. grew its holdings in shares of VanEck High Yield Muni ETF by 3.0% during the 3rd quarter. Nikulski Financial Inc. now owns 22,615 shares of the company’s stock worth $1,110,000 after acquiring an additional 665 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of BATS:HYD opened at $51.36 on Wednesday. The stock has a 50-day moving average price of $51.77 and a 200 day moving average price of $50.78.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.1942 per share. The ex-dividend date of this dividend was Monday, April 1st.

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.