BNP Paribas Financial Markets Cuts Stake in VanEck High Yield Muni ETF (BATS:HYD)

BNP Paribas Financial Markets decreased its position in VanEck High Yield Muni ETF (BATS:HYD) by 13.5% during the 3rd quarter, Holdings Channel reports. The fund owned 36,000 shares of the company’s stock after selling 5,625 shares during the quarter. BNP Paribas Financial Markets’ holdings in VanEck High Yield Muni ETF were worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. lifted its position in 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 purchasing an additional 270,773 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VanEck High Yield Muni ETF by 5.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,529,111 shares of the company’s stock valued at $78,981,000 after buying an additional 82,090 shares during the period. Grimes & Company Inc. boosted its stake in shares of VanEck High Yield Muni ETF by 2.3% in the third quarter. Grimes & Company Inc. now owns 1,138,643 shares of the company’s stock valued at $60,428,000 after buying an additional 25,109 shares in the last quarter. Assetmark Inc. grew its holdings in VanEck High Yield Muni ETF by 4.9% during the third quarter. Assetmark Inc. now owns 1,053,426 shares of the company’s stock worth $55,905,000 after acquiring an additional 49,277 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in VanEck High Yield Muni ETF by 10.6% in the third quarter. Commonwealth Equity Services LLC now owns 905,340 shares of the company’s stock worth $48,046,000 after acquiring an additional 86,526 shares in the last quarter.

VanEck High Yield Muni ETF Price Performance

VanEck High Yield Muni ETF stock opened at $52.76 on Friday. The firm has a 50 day simple moving average of $52.44 and a two-hundred day simple moving average of $52.27.

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.