VanEck High Yield Muni ETF (BATS:HYD) Sets New 1-Year Low – Here’s What Happened

VanEck High Yield Muni ETF (BATS:HYDGet Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $48.67 and last traded at $48.9360, with a volume of 2126458 shares trading hands. The stock had previously closed at $48.98.

VanEck High Yield Muni ETF Trading Up 0.0%

The stock’s 50 day simple moving average is $50.10 and its 200 day simple moving average is $50.67.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

A number of institutional investors have recently modified their holdings of the stock. Basecamp Wealth Advisors LLC acquired a new position in VanEck High Yield Muni ETF in the first quarter worth about $37,000. Blue Trust Inc. raised its stake in VanEck High Yield Muni ETF by 159.0% during the first quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $52,000 after buying an additional 639 shares in the last quarter. Centennial Bank AR lifted its holdings in VanEck High Yield Muni ETF by 83.8% during the 4th quarter. Centennial Bank AR now owns 1,669 shares of the company’s stock worth $85,000 after buying an additional 761 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in VanEck High Yield Muni ETF by 24.2% during the 1st quarter. International Assets Investment Management LLC now owns 1,757 shares of the company’s stock worth $89,000 after buying an additional 342 shares during the last quarter. Finally, Glen Eagle Advisors LLC acquired a new position in shares of VanEck High Yield Muni ETF in the 1st quarter worth approximately $90,000.

About VanEck High Yield Muni ETF

(Get Free Report)

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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