Ocean Park Asset Management LLC Grows Position in VanEck High Yield Muni ETF $HYD

Ocean Park Asset Management LLC lifted its position in shares of VanEck High Yield Muni ETF (BATS:HYD) by 48.8% in the fourth quarter, Holdings Channel reports. The firm owned 40,805 shares of the company’s stock after purchasing an additional 13,379 shares during the period. Ocean Park Asset Management LLC’s holdings in VanEck High Yield Muni ETF were worth $2,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. US Bancorp DE lifted its position in VanEck High Yield Muni ETF by 101.1% during the third quarter. US Bancorp DE now owns 539 shares of the company’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at $30,000. CoreCap Advisors LLC lifted its holdings in shares of VanEck High Yield Muni ETF by 753.2% during the 3rd quarter. CoreCap Advisors LLC now owns 657 shares of the company’s stock valued at $33,000 after acquiring an additional 580 shares in the last quarter. Mather Group LLC. purchased a new stake in VanEck High Yield Muni ETF during the 3rd quarter worth $35,000. Finally, Northwest Capital Management Inc acquired a new stake in VanEck High Yield Muni ETF in the 3rd quarter valued at $38,000.

VanEck High Yield Muni ETF Price Performance

BATS:HYD opened at $49.78 on Monday. The business’s 50-day moving average is $50.95 and its two-hundred day moving average is $50.98. VanEck High Yield Muni ETF has a 12 month low of $47.78 and a 12 month high of $51.66.

VanEck High Yield Muni ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1717 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

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.