VanEck High Yield Muni ETF $HYD Stock: Forum Financial Management LP Lowers Holdings

Forum Financial Management LP lessened its position in VanEck High Yield Muni ETF (BATS:HYD) by 58.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,312 shares of the company’s stock after selling 743,614 shares during the period. VanEck High Yield Muni ETF comprises about 0.3% of Forum Financial Management LP’s portfolio, making the stock its 20th largest holding. Forum Financial Management LP owned 0.79% of VanEck High Yield Muni ETF worth $24,991,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HYD. Bank of America Corp DE raised its position in shares of VanEck High Yield Muni ETF by 18.5% in the first quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock valued at $1,038,402,000 after purchasing an additional 3,239,944 shares during the period. Sei Investments Co. increased its holdings in shares of VanEck High Yield Muni ETF by 8.2% during the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock worth $175,868,000 after purchasing an additional 264,550 shares during the period. Ocean Park Asset Management LLC bought a new position in VanEck High Yield Muni ETF during the 2nd quarter worth $34,290,000. Envestnet Asset Management Inc. raised its stake in VanEck High Yield Muni ETF by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 433,620 shares of the company’s stock valued at $22,336,000 after purchasing an additional 7,347 shares in the last quarter. Finally, Revolve Wealth Partners LLC grew its stake in VanEck High Yield Muni ETF by 1.5% during the second quarter. Revolve Wealth Partners LLC now owns 299,809 shares of the company’s stock worth $15,443,000 after buying an additional 4,509 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD opened at $48.74 on Friday. VanEck High Yield Muni ETF has a one year low of $47.49 and a one year high of $51.68. The firm has a 50 day simple moving average of $49.14 and a two-hundred day simple moving average of $50.34.

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.