VanEck High Yield Muni ETF (BATS:HYD) Hits New 12-Month Low – Here’s What Happened

VanEck High Yield Muni ETF (BATS:HYD)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $49.39 and last traded at $49.3750, with a volume of 337102 shares changing hands. The stock had previously closed at $49.45.

VanEck High Yield Muni ETF Price Performance

The firm’s 50-day moving average is $50.50 and its 200 day moving average is $50.81.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Boyd Watterson Asset Management LLC OH acquired a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth $25,000. US Bancorp DE grew its stake in VanEck High Yield Muni ETF by 101.1% during the third quarter. US Bancorp DE now owns 539 shares of the company’s stock worth $27,000 after buying an additional 271 shares during the period. Turning Point Benefit Group Inc. acquired a new position in shares of VanEck High Yield Muni ETF during the third quarter worth about $30,000. Basecamp Wealth Advisors LLC purchased a new position in VanEck High Yield Muni ETF in the 1st quarter worth approximately $37,000. Finally, Blue Trust Inc. grew its holdings in VanEck High Yield Muni ETF by 159.0% during the 1st quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $52,000 after purchasing an additional 639 shares in the last quarter.

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.