Forum Financial Management LP Acquires 21,471 Shares of VanEck High Yield Muni ETF $HYD

Forum Financial Management LP boosted its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,273,542 shares of the company’s stock after purchasing an additional 21,471 shares during the quarter. VanEck High Yield Muni ETF comprises about 0.9% of Forum Financial Management LP’s investment portfolio, making the stock its 15th largest position. Forum Financial Management LP owned about 1.93% of VanEck High Yield Muni ETF worth $63,855,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HYD. Boyd Watterson Asset Management LLC OH bought a new stake in shares of VanEck High Yield Muni ETF in the 4th quarter worth about $25,000. US Bancorp DE lifted its holdings 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 valued at $27,000 after acquiring an additional 271 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at about $30,000. JDM Financial Group LLC purchased a new position in VanEck High Yield Muni ETF in the fourth quarter worth about $38,000. Finally, Blue Trust Inc. grew its position in VanEck High Yield Muni ETF by 159.0% in the first quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $52,000 after acquiring an additional 639 shares in the last quarter.

VanEck High Yield Muni ETF Price Performance

Shares of BATS HYD opened at $51.65 on Tuesday. The business’s 50 day moving average is $51.16 and its two-hundred day moving average is $51.04. VanEck High Yield Muni ETF has a 1-year low of $48.85 and a 1-year high of $51.68.

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.