HB Wealth Management LLC Buys Shares of 21,886 VanEck Short High Yield Muni ETF $SHYD

HB Wealth Management LLC purchased a new stake in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,886 shares of the company’s stock, valued at approximately $501,000. HB Wealth Management LLC owned about 0.15% of VanEck Short High Yield Muni ETF at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in VanEck Short High Yield Muni ETF by 12.4% in the 2nd quarter. Bank of America Corp DE now owns 551,038 shares of the company’s stock valued at $12,447,000 after acquiring an additional 60,845 shares during the period. Raymond James Financial Inc. increased its stake in shares of VanEck Short High Yield Muni ETF by 213.1% in the second quarter. Raymond James Financial Inc. now owns 326,235 shares of the company’s stock worth $7,369,000 after purchasing an additional 222,045 shares in the last quarter. Dakota Wealth Management raised its position in shares of VanEck Short High Yield Muni ETF by 9.8% in the second quarter. Dakota Wealth Management now owns 285,160 shares of the company’s stock valued at $6,442,000 after purchasing an additional 25,381 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of VanEck Short High Yield Muni ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 152,875 shares of the company’s stock valued at $3,453,000 after buying an additional 3,655 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in VanEck Short High Yield Muni ETF in the 2nd quarter worth approximately $3,078,000.

VanEck Short High Yield Muni ETF Trading Up 2.8%

VanEck Short High Yield Muni ETF stock opened at $23.03 on Thursday. The firm has a 50 day simple moving average of $22.87 and a 200 day simple moving average of $22.77. VanEck Short High Yield Muni ETF has a 1-year low of $21.68 and a 1-year high of $23.84.

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.