Baird Financial Group Inc. Cuts Stock Holdings in VanEck High Yield Muni ETF (NYSEARCA:HYD)

Baird Financial Group Inc. lowered its stake in shares of VanEck High Yield Muni ETF (NYSEARCA:HYDGet Rating) by 76.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,014 shares of the company’s stock after selling 13,353 shares during the period. Baird Financial Group Inc.’s holdings in VanEck High Yield Muni ETF were worth $216,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC raised its stake in VanEck High Yield Muni ETF by 5,626.0% during the first quarter. Aaron Wealth Advisors LLC now owns 12,315,106 shares of the company’s stock worth $214,548,000 after purchasing an additional 12,100,031 shares during the period. Bank of America Corp DE raised its stake in shares of VanEck High Yield Muni ETF by 2.4% in the 1st quarter. Bank of America Corp DE now owns 10,831,540 shares of the company’s stock valued at $621,731,000 after acquiring an additional 249,213 shares during the period. Royal Bank of Canada raised its stake in shares of VanEck High Yield Muni ETF by 22.1% in the 1st quarter. Royal Bank of Canada now owns 1,279,124 shares of the company’s stock valued at $73,422,000 after acquiring an additional 231,217 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of VanEck High Yield Muni ETF by 9.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,251,763 shares of the company’s stock valued at $67,408,000 after acquiring an additional 103,014 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of VanEck High Yield Muni ETF by 4.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,023,734 shares of the company’s stock valued at $58,762,000 after acquiring an additional 41,183 shares during the period.

VanEck High Yield Muni ETF Price Performance

Shares of HYD stock opened at $51.35 on Thursday. The company’s fifty day simple moving average is $50.08 and its 200-day simple moving average is $52.55. VanEck High Yield Muni ETF has a 52 week low of $48.42 and a 52 week high of $62.63.

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Institutional Ownership by Quarter for VanEck High Yield Muni ETF (NYSEARCA:HYD)

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