VanEck High Yield Muni ETF
HYD
Market cap $3.15B

52.37 USD

-0.17

0.32%

Updated Oct 22, 10:48 AM EDT

1 day

-0.32%

5 days

-0.83%

1 month

-0.80%

3 months

0.40%

6 months

1.77%

Year to date

2.01%

1 year

9.33%

5 years

-18.27%

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

57% more call options, than puts

Call options by funds: $1.61M | Put options by funds: $1.02M

50% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 30

12% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 105

5% more funds holding

Funds holding: 297 [Q1] → 312 (+15) [Q2]

1.83% more ownership

Funds ownership: 64.99% [Q1] → 66.82% (+1.83%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

1% less capital invested

Capital invested by funds: $2.05B [Q1] → $2.04B (-$13.6M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for HYD.

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Financial journalist opinion

Based on 4 articles about HYD published over the past 30 days

The Motley Fool

4 High-Yield Dividend ETFs to Buy to Generate Passive Income

These four income-generating ETFs will attract more investors as interest rates decline.

4 High-Yield Dividend ETFs to Buy to Generate Passive Income

Millennial Investor? Don't Ignore the Power of Fixed Income ETFs

Getting started building a portfolio, or just looking to fine-tune your allocation? With the millennial generation between their late 20s and early 40s, they're in the prime age group to start taking investing more seriously.

Millennial Investor? Don't Ignore the Power of Fixed Income ETFs

HYD: Munis Have Momentum And Tailwinds To Keep It Going (Rating Upgrade)

Munis often rise in the months following Fed rate cuts, suggesting there is still time to get in on this play. The fund's California exposure bothers me less given how strong equity returns have been. This means personal income tax revenues in the state will rise next year. High yield munis default less than comparable corporates, supporting positions in this fund.

HYD: Munis Have Momentum And Tailwinds To Keep It Going (Rating Upgrade)

HYD: Great Tax Equivalent Yield

VanEck High Yield Muni ETF offers high-yield, tax-free income by focusing on municipal bonds, making it attractive for investors in higher tax brackets. The HYD ETF's diversified portfolio includes 1,475 holdings and a 30-day SEC yield of 4.2%, with a taxable equivalent yield of 6.73% for top tax brackets. The fund's broad sector and geographic allocation, with a significant portion in California, adds stability but also focuses risk on specific states.

HYD: Great Tax Equivalent Yield

Some Green Shoots for Muni Bonds

With the help of a brief flight-to-safety trade and hopes that the Federal Reserve will soon cut interest rates, perhaps by more than expected, bonds have gotten a lift. And muni bonds are participating in that upside.

Some Green Shoots for Muni Bonds

HYD: Strong Muni Bond ETF, Tax-Advantaged 4.3% Yield

VanEck High Yield Muni ETF is a simple muni bond index ETF. It offers investors a tax-advantaged 4.3% yield. Said yield is higher than average for a muni bond ETF. After-tax yields seem higher than average, too, depending on the specific tax rate.

HYD: Strong Muni Bond ETF, Tax-Advantaged 4.3% Yield

HYD: The Fed Is Making Things Difficult (Rating Downgrade)

In this review, I look at the VanEck Vectors High Yield Municipal Index ETF as an investment option at its current market price. While there have been recent positive returns seen in this sector, I see a less favorable outlook in the short term. Municipal bonds currently offer higher relative yields compared to the past decade against high-yield corporates. But we have to remember inflation and Fed rates are also relatively high.

HYD: The Fed Is Making Things Difficult (Rating Downgrade)

High-Yield Munis Could Be Interesting

Broadly speaking, bonds are lagging again this year. As of April 2022, the Bloomberg U.S. Aggregate Bond Index was lower by 3% year-to-date.

High-Yield Munis Could Be Interesting

CNBC Television

Bucking the zeitgeist on bonds

Bucking the zeitgeist on bonds.

Bucking the zeitgeist on bonds

U.S. Weekly FundFlows Insight Report: Equity ETFs Attract Net New Money During The Flows Week

Fund investors were net purchasers of fixed income funds (+$3.9 billion), commodity funds (+$220 million), and alternatives funds (+$68 million). For the week, the Treasury yield rose at the long end of the curve, with the 20- and 30-year yields witnessing the largest increases, rising 10 basis points (bps) to 4.52% and 4.41%, respectively.

U.S. Weekly FundFlows Insight Report: Equity ETFs Attract Net New Money During The Flows Week

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