Boston Research & Management Inc. Has $1.07 Million Stock Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Boston Research & Management Inc. reduced its holdings in VanEck High Yield Muni ETF (BATS:HYD) by 8.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 20,690 shares of the company’s stock after selling 1,822 shares during the period. Boston Research & Management Inc.’s holdings in VanEck High Yield Muni ETF were worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in HYD. Capital Investment Advisory Services LLC acquired a new position in VanEck High Yield Muni ETF during the 1st quarter valued at $26,000. Parallel Advisors LLC raised its stake in shares of VanEck High Yield Muni ETF by 170.4% in the fourth quarter. Parallel Advisors LLC now owns 511 shares of the company’s stock valued at $26,000 after purchasing an additional 322 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in VanEck High Yield Muni ETF in the second quarter worth $30,000. Register Financial Advisors LLC acquired a new stake in VanEck High Yield Muni ETF during the first quarter worth $36,000. Finally, Aspire Private Capital LLC increased its holdings in VanEck High Yield Muni ETF by 74.2% in the 2nd quarter. Aspire Private Capital LLC now owns 1,338 shares of the company’s stock valued at $69,000 after buying an additional 570 shares during the period.

VanEck High Yield Muni ETF Price Performance

BATS HYD opened at $52.81 on Friday. The business’s fifty day moving average price is $52.40 and its 200 day moving average price is $51.97.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1803 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.