VanEck High Yield Muni ETF (BATS:HYD) Sets New 12-Month High – Time to Buy?

VanEck High Yield Muni ETF (BATS:HYD)’s stock price reached a new 52-week high on Monday . The company traded as high as $51.68 and last traded at $51.68, with a volume of 743860 shares trading hands. The stock had previously closed at $51.47.

VanEck High Yield Muni ETF Stock Up 0.3%

The firm’s fifty day moving average price is $51.14 and its 200-day moving average price is $51.04.

Hedge Funds Weigh In On VanEck High Yield Muni ETF

Several hedge funds and other institutional investors have recently modified their holdings of HYD. Boyd Watterson Asset Management LLC OH bought a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $25,000. US Bancorp DE grew its position in shares of VanEck High Yield Muni ETF by 101.1% in the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock worth $27,000 after buying an additional 271 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of VanEck High Yield Muni ETF in the 3rd quarter worth approximately $30,000. JDM Financial Group LLC purchased a new position in shares of VanEck High Yield Muni ETF during the fourth quarter valued at approximately $38,000. Finally, Basecamp Wealth Advisors LLC bought a new position in shares of VanEck High Yield Muni ETF during the first quarter valued at approximately $37,000.

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.