Commonwealth Equity Services LLC Acquires 12,857 Shares of VanEck Short High Yield Muni ETF (BATS:SHYD)

Commonwealth Equity Services LLC lifted its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,564 shares of the company’s stock after purchasing an additional 12,857 shares during the period. Commonwealth Equity Services LLC owned about 1.71% of VanEck Short High Yield Muni ETF worth $5,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHYD. Dakota Wealth Management raised its position in VanEck Short High Yield Muni ETF by 7.2% in the fourth quarter. Dakota Wealth Management now owns 237,625 shares of the company’s stock worth $5,342,000 after acquiring an additional 16,011 shares during the period. Raymond James Financial Inc. bought a new stake in shares of VanEck Short High Yield Muni ETF in the 4th quarter worth approximately $2,485,000. Wealthspire Advisors LLC purchased a new position in VanEck Short High Yield Muni ETF in the fourth quarter valued at approximately $1,903,000. Breakwater Capital Group lifted its stake in VanEck Short High Yield Muni ETF by 5.0% in the fourth quarter. Breakwater Capital Group now owns 76,406 shares of the company’s stock valued at $1,718,000 after purchasing an additional 3,630 shares during the last quarter. Finally, Ocean Park Asset Management LLC bought a new position in VanEck Short High Yield Muni ETF during the fourth quarter valued at $1,432,000.

VanEck Short High Yield Muni ETF Stock Performance

Shares of SHYD opened at $22.68 on Friday. VanEck Short High Yield Muni ETF has a 1 year low of $22.05 and a 1 year high of $23.84. The stock’s fifty day moving average price is $22.69 and its two-hundred day moving average price is $22.66.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.0521 per share. The ex-dividend date of this dividend was Monday, March 3rd.

VanEck Short High Yield Muni ETF Company 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.