Wealthfront Advisers LLC Has $1.63 Million Stock Position in VanEck High Yield Muni ETF $HYD

Wealthfront Advisers LLC grew its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 48.3% during the third quarter, Holdings Channel reports. The firm owned 32,011 shares of the company’s stock after purchasing an additional 10,424 shares during the period. Wealthfront Advisers LLC’s holdings in VanEck High Yield Muni ETF were worth $1,629,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. CoreCap Advisors LLC increased its position in VanEck High Yield Muni ETF by 753.2% during the third quarter. CoreCap Advisors LLC now owns 657 shares of the company’s stock worth $33,000 after buying an additional 580 shares during the last quarter. Mather Group LLC. bought a new stake in shares of VanEck High Yield Muni ETF during the 3rd quarter worth about $35,000. Northwest Capital Management Inc acquired a new position in shares of VanEck High Yield Muni ETF during the 3rd quarter valued at about $38,000. GoalVest Advisory LLC bought a new position in shares of VanEck High Yield Muni ETF in the 2nd quarter valued at approximately $95,000. Finally, Manning & Napier Advisors LLC raised its stake in shares of VanEck High Yield Muni ETF by 636.5% in the 3rd quarter. Manning & Napier Advisors LLC now owns 2,217 shares of the company’s stock valued at $113,000 after acquiring an additional 1,916 shares in the last quarter.

VanEck High Yield Muni ETF Stock Up 0.1%

Shares of VanEck High Yield Muni ETF stock opened at $51.24 on Friday. VanEck High Yield Muni ETF has a 12-month low of $47.78 and a 12-month high of $52.53. The stock has a 50 day moving average price of $51.14 and a two-hundred day moving average price of $50.68.

VanEck High Yield Muni ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.1859 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, February 2nd. This is a boost from VanEck High Yield Muni ETF’s previous monthly dividend of $0.18.

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.