Kovack Advisors Inc. trimmed its stake in shares of VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD) by 33.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,483 shares of the company’s stock after selling 3,227 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Vectors High Yield Municipal Index ETF were worth $202,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HYD. Summit Trail Advisors LLC increased its stake in VanEck Vectors High Yield Municipal Index ETF by 3,022.0% in the 1st quarter. Summit Trail Advisors LLC now owns 103,026 shares of the company’s stock worth $103,000 after acquiring an additional 99,726 shares during the last quarter. Trilogy Capital Inc. bought a new position in VanEck Vectors High Yield Municipal Index ETF in the 1st quarter worth about $106,000. Archford Capital Strategies LLC bought a new position in VanEck Vectors High Yield Municipal Index ETF in the 2nd quarter worth about $140,000. Legacy Financial Advisors Inc. bought a new position in VanEck Vectors High Yield Municipal Index ETF in the 2nd quarter worth about $161,000. Finally, US Bancorp DE increased its stake in VanEck Vectors High Yield Municipal Index ETF by 39.6% in the 2nd quarter. US Bancorp DE now owns 5,904 shares of the company’s stock worth $186,000 after acquiring an additional 1,676 shares during the last quarter.

Shares of NYSEARCA HYD opened at $30.37 on Friday. VanEck Vectors High Yield Municipal Index ETF has a twelve month low of $30.26 and a twelve month high of $31.56.

The firm also recently announced a monthly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, October 2nd were paid a $0.1094 dividend. The ex-dividend date of this dividend was Monday, October 1st. This represents a $1.31 dividend on an annualized basis and a yield of 4.32%.

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Institutional Ownership by Quarter for VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD)

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