Grimes & Company Inc. Boosts Holdings in VanEck High Yield Muni ETF (BATS:HYD)

Grimes & Company Inc. grew its position in VanEck High Yield Muni ETF (BATS:HYD) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,189,221 shares of the company’s stock after buying an additional 50,578 shares during the period. VanEck High Yield Muni ETF accounts for approximately 1.8% of Grimes & Company Inc.’s investment portfolio, making the stock its 13th largest position. Grimes & Company Inc. owned 2.09% of VanEck High Yield Muni ETF worth $61,732,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HYD. SG Americas Securities LLC purchased a new position in VanEck High Yield Muni ETF during the 3rd quarter worth $5,634,000. Kestra Investment Management LLC acquired a new stake in shares of VanEck High Yield Muni ETF in the second quarter valued at about $5,232,000. Stifel Financial Corp lifted its stake in shares of VanEck High Yield Muni ETF by 108.9% in the third quarter. Stifel Financial Corp now owns 169,159 shares of the company’s stock valued at $8,977,000 after purchasing an additional 88,184 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of VanEck High Yield Muni ETF by 10.6% in the third quarter. Commonwealth Equity Services LLC now owns 905,340 shares of the company’s stock valued at $48,046,000 after purchasing an additional 86,526 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck High Yield Muni ETF by 5.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,529,111 shares of the company’s stock valued at $78,981,000 after purchasing an additional 82,090 shares during the period.

VanEck High Yield Muni ETF Stock Up 0.8 %

Shares of BATS HYD opened at $51.78 on Friday. The company has a 50 day moving average of $52.06 and a 200-day moving average of $52.29.

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.