Sei Investments Co. Acquires 270,773 Shares of VanEck High Yield Muni ETF (BATS:HYD)

Sei Investments Co. raised its stake in VanEck High Yield Muni ETF (BATS:HYD) by 7.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,796,110 shares of the company’s stock after purchasing an additional 270,773 shares during the quarter. Sei Investments Co. owned 0.07% of VanEck High Yield Muni ETF worth $196,067,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake 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 worth $45,092,000 after purchasing an additional 140,807 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of VanEck High Yield Muni ETF by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 818,814 shares of the company’s stock valued at $42,292,000 after buying an additional 11,151 shares in the last quarter. TIAA Trust National Association grew its holdings in VanEck High Yield Muni ETF by 1.7% in the first quarter. TIAA Trust National Association now owns 684,389 shares of the company’s stock worth $35,766,000 after purchasing an additional 11,530 shares during the period. Counterpoint Mutual Funds LLC increased its position in VanEck High Yield Muni ETF by 103.5% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 657,359 shares of the company’s stock valued at $34,354,000 after buying an additional 334,308 shares in the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of VanEck High Yield Muni ETF by 61.7% during the second quarter. Forum Financial Management LP now owns 607,076 shares of the company’s stock valued at $31,355,000 after acquiring an additional 231,543 shares in the last quarter.

VanEck High Yield Muni ETF Trading Up 0.1 %

HYD stock opened at $52.81 on Friday. The company has a 50-day simple moving average of $52.40 and a 200 day simple moving average of $51.97.

VanEck High Yield Muni ETF Cuts Dividend

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