C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $259,000 in VanEck High Yield Muni ETF (BATS:HYD)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in VanEck High Yield Muni ETF (BATS:HYD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,987 shares of the company’s stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HYD. Spire Wealth Management increased its stake in shares of VanEck High Yield Muni ETF by 69.6% during the fourth quarter. Spire Wealth Management now owns 475 shares of the company’s stock worth $25,000 after buying an additional 195 shares during the period. Verus Capital Partners LLC grew its stake in VanEck High Yield Muni ETF by 3.2% during the 3rd quarter. Verus Capital Partners LLC now owns 7,616 shares of the company’s stock worth $404,000 after buying an additional 236 shares during the last quarter. Mather Group LLC. increased its position in VanEck High Yield Muni ETF by 0.4% during the fourth quarter. Mather Group LLC. now owns 55,146 shares of the company’s stock worth $2,863,000 after buying an additional 247 shares during the period. Martel Wealth Advisors Inc raised its position in VanEck High Yield Muni ETF by 1.1% in the 4th quarter. Martel Wealth Advisors Inc now owns 38,359 shares of the company’s stock valued at $1,991,000 after purchasing an additional 400 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of VanEck High Yield Muni ETF by 4.1% during the third quarter. D.A. Davidson & CO. now owns 10,380 shares of the company’s stock worth $551,000 after buying an additional 408 shares during the period.

VanEck High Yield Muni ETF Stock Performance

Shares of HYD opened at $51.85 on Friday. The firm has a fifty day simple moving average of $51.89 and a 200 day simple moving average of $52.26.

VanEck High Yield Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2067 dividend. This is a positive change from VanEck High Yield Muni ETF’s previous dividend of $0.18. The ex-dividend date of this dividend was Monday, February 3rd.

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.