ACT Wealth Management LLC Invests $545,000 in VanEck High Yield Muni ETF $HYD

ACT Wealth Management LLC bought a new position in VanEck High Yield Muni ETF (BATS:HYD) during the fourth quarter, Holdings Channel reports. The fund bought 10,662 shares of the company’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of VanEck High Yield Muni ETF by 101.1% during the third quarter. US Bancorp DE now owns 539 shares of the company’s stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in VanEck High Yield Muni ETF in the 3rd quarter worth about $30,000. CoreCap Advisors LLC increased its stake in VanEck High Yield Muni ETF by 753.2% in the 3rd quarter. CoreCap Advisors LLC now owns 657 shares of the company’s stock worth $33,000 after purchasing an additional 580 shares in the last quarter. Mather Group LLC. acquired a new stake in VanEck High Yield Muni ETF during the 3rd quarter worth about $35,000. Finally, Northwest Capital Management Inc acquired a new stake in VanEck High Yield Muni ETF during the 3rd quarter worth about $38,000.

VanEck High Yield Muni ETF Stock Up 0.3%

HYD stock opened at $50.14 on Wednesday. VanEck High Yield Muni ETF has a one year low of $47.78 and a one year high of $51.66. The firm has a 50-day moving average of $50.90 and a two-hundred day moving average of $50.97.

VanEck High Yield Muni ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1717 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

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.