Ocean Park Asset Management LLC Acquires Shares of 63,700 VanEck Short High Yield Muni ETF (BATS:SHYD)

Ocean Park Asset Management LLC bought a new position in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 63,700 shares of the company’s stock, valued at approximately $1,432,000. Ocean Park Asset Management LLC owned about 0.44% of VanEck Short High Yield Muni ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the business. Cetera Investment Advisers raised its holdings in VanEck Short High Yield Muni ETF by 1.7% in the second quarter. Cetera Investment Advisers now owns 85,243 shares of the company’s stock valued at $1,907,000 after acquiring an additional 1,400 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of VanEck Short High Yield Muni ETF by 27.8% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 17,540 shares of the company’s stock valued at $399,000 after purchasing an additional 3,816 shares in the last quarter. BCS Wealth Management acquired a new stake in shares of VanEck Short High Yield Muni ETF in the 3rd quarter valued at about $223,000. Pure Portfolios Holdings LLC bought a new position in shares of VanEck Short High Yield Muni ETF during the third quarter worth about $1,166,000. Finally, Private Advisor Group LLC grew its stake in VanEck Short High Yield Muni ETF by 8.2% in the third quarter. Private Advisor Group LLC now owns 25,521 shares of the company’s stock worth $580,000 after purchasing an additional 1,941 shares in the last quarter.

VanEck Short High Yield Muni ETF Stock Performance

Shares of BATS SHYD opened at $22.71 on Tuesday. The company’s 50-day moving average price is $22.63 and its 200 day moving average price is $22.61.

VanEck Short High Yield Muni ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.0747 per share. This is a positive change from VanEck Short High Yield Muni ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Monday, February 3rd.

VanEck Short High Yield Muni ETF Profile

The VanEck Short High Yield Muni ETF (SHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted US bond index composed of high-yield municipal bonds with 1-12 years remaining in maturity. SHYD was launched on Jan 13, 2014 and is managed by VanEck.