Northwestern Mutual Wealth Management Co. decreased its holdings in VanEck High Yield Muni ETF (BATS:HYD – Free Report) by 97.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 53,596 shares of the company’s stock after selling 1,907,038 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in VanEck High Yield Muni ETF were worth $2,740,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. ACT Wealth Management LLC purchased a new stake in shares of VanEck High Yield Muni ETF in the 4th quarter valued at $545,000. Counterpoint Mutual Funds LLC purchased a new stake in VanEck High Yield Muni ETF during the 3rd quarter valued at $18,230,000. Stratos Wealth Partners LTD. boosted its position in VanEck High Yield Muni ETF by 74.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 42,266 shares of the company’s stock valued at $2,161,000 after buying an additional 18,085 shares during the period. Cliftonlarsonallen Wealth Advisors LLC lifted its position in shares of VanEck High Yield Muni ETF by 19.5% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 104,445 shares of the company’s stock worth $5,339,000 after purchasing an additional 17,072 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of VanEck High Yield Muni ETF by 168.0% in the 3rd quarter. HighTower Advisors LLC now owns 327,370 shares of the company’s stock worth $16,663,000 after purchasing an additional 205,196 shares during the period.
VanEck High Yield Muni ETF Price Performance
BATS:HYD opened at $50.76 on Tuesday. The company has a 50-day moving average price of $50.75 and a 200-day moving average price of $50.97. VanEck High Yield Muni ETF has a 12 month low of $48.85 and a 12 month high of $51.66.
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.
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