Principal Financial Group Inc. Acquires New Stake in VanEck High Yield Muni ETF $HYD

Principal Financial Group Inc. acquired a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) in the third quarter, HoldingsChannel.com reports. The fund acquired 12,604 shares of the company’s stock, valued at approximately $642,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new position in VanEck High Yield Muni ETF during the third quarter worth about $257,000. Donaldson Capital Management LLC acquired a new position in VanEck High Yield Muni ETF during the 3rd quarter worth approximately $300,000. Certior Financial Group LLC raised its stake in shares of VanEck High Yield Muni ETF by 5.7% during the 3rd quarter. Certior Financial Group LLC now owns 27,856 shares of the company’s stock worth $1,418,000 after buying an additional 1,495 shares in the last quarter. Latitude Advisors LLC lifted its holdings in shares of VanEck High Yield Muni ETF by 19.6% in the 3rd quarter. Latitude Advisors LLC now owns 6,731 shares of the company’s stock valued at $343,000 after buying an additional 1,105 shares during the period. Finally, Avidian Wealth Enterprises LLC purchased a new stake in shares of VanEck High Yield Muni ETF in the third quarter valued at approximately $3,218,000.

VanEck High Yield Muni ETF Stock Down 0.0%

Shares of HYD stock opened at $51.32 on Thursday. The business’s fifty day moving average price is $51.16 and its 200 day moving average price is $50.73. VanEck High Yield Muni ETF has a 1-year low of $47.78 and a 1-year high of $52.53.

VanEck High Yield Muni ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1859 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from VanEck High Yield Muni ETF’s previous monthly dividend of $0.18.

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.