Avantax Planning Partners Inc. Grows Stock Position in VanEck High Yield Muni ETF $HYD

Avantax Planning Partners Inc. grew its stake in VanEck High Yield Muni ETF (BATS:HYD) by 26.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,755 shares of the company’s stock after buying an additional 44,164 shares during the quarter. Avantax Planning Partners Inc.’s holdings in VanEck High Yield Muni ETF were worth $10,617,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HYD. American Family Investments Inc. acquired a new position in VanEck High Yield Muni ETF in the fourth quarter valued at approximately $148,607,000. HighTower Advisors LLC increased its holdings in VanEck High Yield Muni ETF by 663.5% in the fourth quarter. HighTower Advisors LLC now owns 2,499,427 shares of the company’s stock valued at $127,771,000 after buying an additional 2,172,057 shares in the last quarter. Bank of America Corp DE increased its holdings in VanEck High Yield Muni ETF by 7.4% in the third quarter. Bank of America Corp DE now owns 16,531,313 shares of the company’s stock valued at $841,444,000 after buying an additional 1,133,993 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of VanEck High Yield Muni ETF by 126.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,507,331 shares of the company’s stock worth $77,055,000 after acquiring an additional 841,078 shares during the period. Finally, Man Group plc raised its position in shares of VanEck High Yield Muni ETF by 215.4% in the fourth quarter. Man Group plc now owns 658,489 shares of the company’s stock worth $33,662,000 after acquiring an additional 449,680 shares during the period.

VanEck High Yield Muni ETF Price Performance

HYD stock opened at $51.17 on Tuesday. VanEck High Yield Muni ETF has a 52-week low of $48.85 and a 52-week high of $51.68. The company’s 50-day simple moving average is $51.21 and its 200-day simple moving average is $51.07.

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.