SK Wealth Management LLC Purchases New Position in VanEck High Yield Muni ETF (BATS:HYD)

SK Wealth Management LLC bought a new stake in VanEck High Yield Muni ETF (BATS:HYD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,699 shares of the company’s stock, valued at approximately $1,378,000. VanEck High Yield Muni ETF comprises approximately 0.6% of SK Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding.

Several other large investors also recently added to or reduced their stakes in HYD. Sei Investments Co. boosted its position in shares of VanEck High Yield Muni ETF by 7.7% in the second quarter. Sei Investments Co. now owns 3,796,110 shares of the company’s stock valued at $196,067,000 after acquiring an additional 270,773 shares during the period. Envestnet Asset Management Inc. boosted its position in VanEck High Yield Muni ETF by 19.2% in the second quarter. Envestnet Asset Management Inc. now owns 873,023 shares of the company’s stock valued at $45,092,000 after buying an additional 140,807 shares in the last quarter. SG Americas Securities LLC bought a new stake in VanEck High Yield Muni ETF during the third quarter worth about $5,634,000. Kestra Investment Management LLC acquired a new stake in shares of VanEck High Yield Muni ETF during the second quarter worth approximately $5,232,000. Finally, Stifel Financial Corp raised its stake in shares of VanEck High Yield Muni ETF by 108.9% in the third quarter. Stifel Financial Corp now owns 169,159 shares of the company’s stock valued at $8,977,000 after acquiring an additional 88,184 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

BATS HYD traded down $0.03 during trading hours on Monday, reaching $51.62. 1,358,627 shares of the company’s stock were exchanged. The business’s 50 day simple moving average is $52.21 and its two-hundred day simple moving average is $52.32.

VanEck High Yield Muni ETF 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.