VanEck High Yield Muni ETF - COMMON STOCK (HYD) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2016 to Q4 2025

Type / Class: Equity / COMMON STOCK
Symbol: HYD
Shares outstanding: 66,444,095
Price per share: $51.24
All holders as of 31 Dec 2025: Q4 2025
Total 13F shares: 57,683,774
Total reported value: $2,948,684,541
% of total 13F portfolios: 0.01%
Share change: +7,798,498
Value change: +$398,623,276
Number of holders: 334

Reported Shares, Excluding Options vs Price

Reported Value, Excluding Options

Total Investors

Significant Owners of VanEck High Yield Muni ETF - COMMON STOCK (HYD) based on Schedule 13D/G filings

Filer	Ownership	Change %	Holdings Value	Net Change	Nb Shares	Change %	Reporting Name	Report Period
FMR LLC	7%		$230,972,962		4,651,087		FMR LLC	30 Jun 2025

As of 31 Dec 2025, 334 institutional investors reported holding 57,683,774 shares of VanEck High Yield Muni ETF - COMMON STOCK (HYD). This represents 87% of the company’s total 66,444,095 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of VanEck High Yield Muni ETF - COMMON STOCK (HYD) together control 75% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution	Ownership %	Shares Held	Share Change %	Portfolio %	Holdings Value
BANK OF AMERICA CORP /DE/	26%	17,470,102	+5.7%	0.06%	$893,071,619
FMR LLC	9.4%	6,249,681	+26%	0.02%	$319,483,712
SEI INVESTMENTS CO	4.9%	3,243,079	+9.2%	0.16%	$165,783,439
American Family Investments, Inc.	4.4%	2,907,018		5.3%	$148,606,760
HighTower Advisors, LLC	3.8%	2,499,427	+663%	0.14%	$127,770,727
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	3.1%	2,040,068	+4.1%	0.07%	$104,288,271
ROYAL BANK OF CANADA	2.8%	1,882,360	-0.69%	0.02%	$96,228,000
GOLDMAN SACHS GROUP INC	2.3%	1,507,331	+126%	0.01%	$77,054,760
ASSETMARK, INC	2%	1,314,202	+5%	0.14%	$67,182,029
MORGAN STANLEY	2%	1,297,365	-12%	0%	$66,321,348
Forum Financial Management, LP	1.9%	1,252,071	-2%	0.83%	$64,005,883
Focus Partners Wealth	1.9%	1,245,068	-8.6%	0.07%	$63,647,879
COMMONWEALTH EQUITY SERVICES, LLC	1.3%	896,707	-0.83%	0.06%	$45,839,650
WELLS FARGO & COMPANY/MN	1.3%	848,990	+6.7%	0.01%	$43,400,344
LPL Financial LLC	1.2%	815,431	+8%	0.01%	$41,684,820
Man Group plc	0.99%	658,489	+215%	0.06%	$33,661,958
TIAA TRUST, NATIONAL ASSOCIATION	0.85%	568,072	-5.7%	0.07%	$29,039,841
REGIONS FINANCIAL CORP	0.79%	526,884	-1.2%	0.17%	$26,934,310
PRUDENTIAL FINANCIAL INC	0.72%	479,895	-42%	0.03%	$24,522,635
ENVESTNET ASSET MANAGEMENT INC	0.72%	479,171	-11%	0.01%	$24,495,236
Counterpoint Mutual Funds LLC	0.66%	441,820	+23%	1.7%	$22,585,838
UBS Group AG	0.56%	370,908	+1.3%	0%	$18,960,817
OneDigital Investment Advisors LLC	0.48%	318,331	+23%	0.16%	$16,273,100
Revolve Wealth Partners, LLC	0.45%	301,236	-6%	1.8%	$15,399,171
WESTWOOD HOLDINGS GROUP INC	0.39%	255,887	+27%	0.11%	$13,080,943

Institutional Holders of VanEck High Yield Muni ETF - COMMON STOCK (HYD) across Reporting Periods

Period	Reported Shares, Excl. Options	Value, Excl. Options	Value Change	Puts Notional Value	Calls Notional Value	Price (Median)	Investors
2025 Q4	57,683,774	$2,948,684,541	+$398,623,276	$28,187,568	$9,932,748	$51.12	334
2025 Q3	49,947,715	$2,541,874,979	+$163,464,871	$6,082,271	$10,914,250	$50.90	333
2025 Q2	46,592,073	$2,340,001,196	-$35,724,932	$6,718,609	$6,592,573	$50.21	325
2025 Q1	47,306,216	$2,420,829,631	+$304,718,428	$9,860,658	$4,932,170	$51.18	340
2024 Q4	41,674,960	$2,163,275,027	+$76,288,764	$27,109,843	$2,169,838	$51.91	339
2024 Q3	39,799,466	$2,111,902,816	+$41,952,997	$3,704,286	$1,278,987	$53.07	326
2024 Q2	39,542,477	$2,042,520,577	+$52,179,997	$1,022,670	$1,611,480	$51.65	315
2024 Q1	38,368,271	$2,004,758,848	-$206,136,272	$1,322,178	$1,620,060	$52.26	302
2023 Q4	42,517,704	$2,195,138,629	+$241,777,352	$671,190	$898,362	$51.63	320
2023 Q3	35,982,310	$1,765,452,057	-$70,317,338	$1,948,079	$1,010,842	$49.07	289
2023 Q2	37,584,510	$1,929,556,551	+$15,834,951	$1,848,240	$1,458,056	$51.34	284
2023 Q1	37,170,982	$1,923,699,370	-$291,807,294	$1,231,412	$2,261,038	$51.74	281
2022 Q4	42,920,455	$2,169,970,604	+$324,089,370	$1,218,255	$5,211,922	$50.55	277
2022 Q3	36,323,490	$1,814,260,281	+$104,883,677	$844,000	$2,414,000	$49.93	248
2022 Q2	34,199,590	$1,841,766,619	+$81,226,114	$8,870,000	$3,883,000	$53.85	273
2022 Q1	32,347,079	$1,860,788,262	-$117,470,791	$2,790,000	$2,692,000	$57.40	280
2021 Q4	34,631,804	$2,161,610,788	-$171,153,784	$1,680,000	$1,535,000	$62.43	333
2021 Q3	37,903,127	$2,368,356,573	+$196,872,579	$4,492,000	$2,167,000	$62.48	281
2021 Q2	34,847,711	$2,216,840,863	+$257,110,006	$2,303,000	$2,633,000	$63.61	286
2021 Q1	30,356,987	$1,885,205,601	+$76,306,441	$851,000	$1,454,000	$62.15	266
2020 Q4	29,467,274	$1,813,364,537	+$339,382,581	$2,771,000	$1,003,000	$61.54	260
2020 Q3	23,929,883	$1,431,355,347	-$144,805,544	$23,374,000	$10,201,000	$59.80	236
2020 Q2	25,982,798	$1,540,092,793	-$202,177,421	$9,799,000	$5,400,000	$59.28	242
2020 Q1	29,615,364	$1,548,737,349	+$68,443,811	$2,410,000	$2,765,000	$52.26	249
2019 Q4	28,290,306	$1,812,074,851	+$271,074,897	$1,557,000	$0	$64.05	270
2019 Q3	23,494,790	$1,513,587,258	+$99,392,018	$0	$438,000	$64.43	223
2019 Q2	21,958,431	$1,400,514,348	+$75,291,762	$721,000	$561,000	$63.78	208
2019 Q1	20,737,497	$1,301,657,512	+$125,833,090	$460,000	$496,000	$62.77	211
2018 Q4	18,703,130	$1,141,803,366	+$1,025,146,050	$51,000		$61.04	192
2018 Q3	1,784,592	$55,558,000	+$55,558,000			$31.13	12
2016 Q2	0	$0	-$133,000			$51.24	0
2016 Q1	2,115	$133,000				$62.88	1