Forum Financial Management LP Raises Holdings in VanEck High Yield Muni ETF $HYD

Forum Financial Management LP lifted its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 609.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,277,016 shares of the company’s stock after acquiring an additional 1,097,133 shares during the quarter. VanEck High Yield Muni ETF makes up 0.9% of Forum Financial Management LP’s investment portfolio, making the stock its 15th largest position. Forum Financial Management LP owned approximately 1.93% of VanEck High Yield Muni ETF worth $65,000,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HYD. Hudock Inc. purchased a new stake in VanEck High Yield Muni ETF during the third quarter valued at about $509,000. Capital Investment Advisors LLC boosted its holdings in VanEck High Yield Muni ETF by 22.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 6,835 shares of the company’s stock worth $348,000 after buying an additional 1,271 shares during the period. Joseph Group Capital Management grew its stake in VanEck High Yield Muni ETF by 54.1% in the 3rd quarter. Joseph Group Capital Management now owns 28,392 shares of the company’s stock valued at $1,445,000 after buying an additional 9,969 shares in the last quarter. Foster & Motley Inc. grew its stake in VanEck High Yield Muni ETF by 7.1% in the 3rd quarter. Foster & Motley Inc. now owns 14,986 shares of the company’s stock valued at $763,000 after buying an additional 992 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in VanEck High Yield Muni ETF by 428.7% during the 3rd quarter. SG Americas Securities LLC now owns 41,267 shares of the company’s stock valued at $2,100,000 after acquiring an additional 33,461 shares during the period.

VanEck High Yield Muni ETF Stock Performance

BATS:HYD opened at $51.29 on Friday. VanEck High Yield Muni ETF has a 1 year low of $47.78 and a 1 year high of $53.10. The stock’s fifty day moving average price is $51.04 and its two-hundred day moving average price is $50.40.

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.