Intrust Bank NA Makes New Investment in VanEck High Yield Muni ETF $HYD

Intrust Bank NA bought a new stake in shares of VanEck High Yield Muni ETF (BATS:HYD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 35,380 shares of the company’s stock, valued at approximately $1,801,000. Intrust Bank NA owned approximately 0.05% of VanEck High Yield Muni ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Avidian Wealth Enterprises LLC bought a new position in shares of VanEck High Yield Muni ETF during the third quarter worth about $3,218,000. Envestnet Asset Management Inc. raised its stake in VanEck High Yield Muni ETF by 8.6% during the second quarter. Envestnet Asset Management Inc. now owns 617,071 shares of the company’s stock valued at $30,983,000 after buying an additional 48,879 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in VanEck High Yield Muni ETF by 126.3% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 87,373 shares of the company’s stock valued at $4,447,000 after buying an additional 48,767 shares in the last quarter. Beacon Pointe Advisors LLC lifted its holdings in VanEck High Yield Muni ETF by 24.1% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 60,296 shares of the company’s stock worth $3,027,000 after buying an additional 11,696 shares during the last quarter. Finally, Caldwell Trust Co acquired a new position in shares of VanEck High Yield Muni ETF in the 2nd quarter worth approximately $556,000.

VanEck High Yield Muni ETF Trading Down 0.3%

Shares of BATS HYD opened at $51.29 on Friday. VanEck High Yield Muni ETF has a twelve month low of $47.78 and a twelve month high of $52.53. The business has a 50 day simple moving average of $51.18 and a 200-day simple moving average of $50.75.

VanEck High Yield Muni ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1859 per share. The ex-dividend date was Monday, February 2nd. This is a positive change from VanEck High Yield Muni ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a yield of 4.3%.

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.