VanEck Vectors High Yield Municipal Index ETF (HYD) Position Increased by Pinnacle Financial Partners Inc.

Pinnacle Financial Partners Inc. boosted its holdings in shares of VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD) by 27.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,220 shares of the company’s stock after purchasing an additional 24,918 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in VanEck Vectors High Yield Municipal Index ETF were worth $3,618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HYD. Archford Capital Strategies LLC bought a new stake in VanEck Vectors High Yield Municipal Index ETF during the 2nd quarter valued at approximately $140,000. Legacy Financial Advisors Inc. bought a new stake in VanEck Vectors High Yield Municipal Index ETF during the 2nd quarter valued at approximately $161,000. US Bancorp DE raised its stake in VanEck Vectors High Yield Municipal Index ETF by 39.6% during the 2nd quarter. US Bancorp DE now owns 5,904 shares of the company’s stock valued at $186,000 after purchasing an additional 1,676 shares during the period. Flagship Harbor Advisors LLC bought a new stake in VanEck Vectors High Yield Municipal Index ETF during the 2nd quarter valued at approximately $194,000. Finally, Colony Group LLC bought a new stake in VanEck Vectors High Yield Municipal Index ETF during the 2nd quarter valued at approximately $214,000.

NYSEARCA HYD traded up $0.02 during trading on Wednesday, hitting $61.15. 42,495 shares of the stock traded hands, compared to its average volume of 359,064. VanEck Vectors High Yield Municipal Index ETF has a 12-month low of $60.52 and a 12-month high of $63.12.

The company also recently declared a monthly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, October 2nd were issued a dividend of $0.2188 per share. This represents a $2.63 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Monday, October 1st. This is a boost from VanEck Vectors High Yield Municipal Index ETF’s previous monthly dividend of $0.11.

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Institutional Ownership by Quarter for VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD)

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