Royal Bank of Canada Sells 13,985 Shares of VanEck High Yield Muni ETF $HYD

Royal Bank of Canada cut its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,868,375 shares of the company’s stock after selling 13,985 shares during the quarter. Royal Bank of Canada owned 2.83% of VanEck High Yield Muni ETF worth $93,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Revolve Wealth Partners LLC lifted its position in shares of VanEck High Yield Muni ETF by 6.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 191,107 shares of the company’s stock valued at $9,920,000 after acquiring an additional 10,798 shares during the period. Qube Research & Technologies Ltd grew its holdings in VanEck High Yield Muni ETF by 67.2% in the second quarter. Qube Research & Technologies Ltd now owns 11,227 shares of the company’s stock worth $564,000 after purchasing an additional 4,514 shares during the period. NewEdge Advisors LLC grew its holdings in VanEck High Yield Muni ETF by 33.1% in the second quarter. NewEdge Advisors LLC now owns 20,738 shares of the company’s stock worth $1,041,000 after purchasing an additional 5,159 shares during the period. Diversify Advisory Services LLC bought a new stake in VanEck High Yield Muni ETF in the second quarter valued at $225,000. Finally, Ameriprise Financial Inc. increased its stake in VanEck High Yield Muni ETF by 38.5% in the second quarter. Ameriprise Financial Inc. now owns 568,929 shares of the company’s stock valued at $28,547,000 after purchasing an additional 158,024 shares in the last quarter.

VanEck High Yield Muni ETF Trading Down 0.1%

Shares of BATS HYD opened at $50.22 on Friday. The firm’s 50-day moving average price is $51.15 and its 200-day moving average price is $51.02. VanEck High Yield Muni ETF has a 1-year low of $49.08 and a 1-year high of $51.68.

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.