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

VanEck High Yield Muni ETF (BATS:HYD)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $48.80 and last traded at $48.8560, with a volume of 244032 shares changing hands. The stock had previously closed at $48.95.

VanEck High Yield Muni ETF Trading Down 0.2%

The firm has a 50-day moving average of $50.30 and a two-hundred day moving average of $50.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wedmont Private Capital increased its position in VanEck High Yield Muni ETF by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 37,836 shares of the company’s stock valued at $1,940,000 after acquiring an additional 200 shares during the period. Accredited Investor Services LLC lifted its stake in shares of VanEck High Yield Muni ETF by 3.0% in the 4th quarter. Accredited Investor Services LLC now owns 8,213 shares of the company’s stock valued at $420,000 after purchasing an additional 238 shares during the period. Balefire LLC lifted its stake in VanEck High Yield Muni ETF by 3.7% in the first quarter. Balefire LLC now owns 7,494 shares of the company’s stock valued at $376,000 after buying an additional 267 shares during the period. Waverly Advisors LLC boosted its stake in VanEck High Yield Muni ETF by 2.3% during the second quarter. Waverly Advisors LLC now owns 13,047 shares of the company’s stock worth $672,000 after acquiring an additional 294 shares in the last quarter. Finally, Melone Private Wealth LLC boosted its position in shares of VanEck High Yield Muni ETF by 0.9% during the 2nd quarter. Melone Private Wealth LLC now owns 32,636 shares of the company’s stock worth $1,681,000 after purchasing an additional 306 shares in the last quarter.

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.