M Holdings Securities Inc. Cuts Stock Holdings in VanEck Short Muni ETF $SMB

M Holdings Securities Inc. reduced its stake in VanEck Short Muni ETF (BATS:SMB) by 83.9% during the 3rd quarter, Holdings Channel reports. The fund owned 108,545 shares of the company’s stock after selling 566,721 shares during the quarter. M Holdings Securities Inc.’s holdings in VanEck Short Muni ETF were worth $1,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its holdings in VanEck Short Muni ETF by 9.6% during the 1st quarter. Jones Financial Companies Lllp now owns 22,261 shares of the company’s stock worth $382,000 after purchasing an additional 1,952 shares during the period. Jane Street Group LLC purchased a new position in shares of VanEck Short Muni ETF in the 1st quarter valued at about $940,000. Condor Capital Management boosted its stake in shares of VanEck Short Muni ETF by 0.3% in the 2nd quarter. Condor Capital Management now owns 215,199 shares of the company’s stock valued at $3,714,000 after buying an additional 681 shares during the period. Cetera Investment Advisers grew its position in shares of VanEck Short Muni ETF by 10.2% during the second quarter. Cetera Investment Advisers now owns 40,724 shares of the company’s stock worth $703,000 after buying an additional 3,756 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of VanEck Short Muni ETF by 15.5% during the second quarter. JPMorgan Chase & Co. now owns 512,454 shares of the company’s stock worth $8,845,000 after buying an additional 68,847 shares in the last quarter.

VanEck Short Muni ETF Stock Performance

SMB stock opened at $17.41 on Friday. The company’s 50 day moving average price is $17.42 and its 200 day moving average price is $17.39. VanEck Short Muni ETF has a fifty-two week low of $16.70 and a fifty-two week high of $17.53.

VanEck Short Muni ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0356 per share. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, March 2nd.

About VanEck Short Muni ETF

The VanEck Short Muni ETF (SMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 1-6 years. SMB was launched on Feb 22, 2008 and is managed by VanEck.