Waverly Advisors LLC Grows Holdings in VanEck Short High Yield Muni ETF $SHYD

Waverly Advisors LLC boosted its position in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 123.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,801 shares of the company’s stock after acquiring an additional 78,255 shares during the period. Waverly Advisors LLC owned 0.96% of VanEck Short High Yield Muni ETF worth $3,213,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SHYD. Mercer Global Advisors Inc. ADV boosted its position in shares of VanEck Short High Yield Muni ETF by 37.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,662,987 shares of the company’s stock worth $38,082,000 after purchasing an additional 455,059 shares during the period. Raymond James Financial Inc. raised its holdings in VanEck Short High Yield Muni ETF by 213.1% during the second quarter. Raymond James Financial Inc. now owns 326,235 shares of the company’s stock valued at $7,369,000 after acquiring an additional 222,045 shares during the period. Wells Fargo & Company MN raised its holdings in VanEck Short High Yield Muni ETF by 16.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,484,974 shares of the company’s stock valued at $34,021,000 after acquiring an additional 205,301 shares during the period. Jane Street Group LLC purchased a new position in shares of VanEck Short High Yield Muni ETF in the second quarter valued at about $3,078,000. Finally, Bank of America Corp DE lifted its position in shares of VanEck Short High Yield Muni ETF by 17.0% in the third quarter. Bank of America Corp DE now owns 644,738 shares of the company’s stock valued at $14,764,000 after acquiring an additional 93,700 shares in the last quarter.

VanEck Short High Yield Muni ETF Price Performance

BATS SHYD opened at $22.70 on Thursday. VanEck Short High Yield Muni ETF has a twelve month low of $22.40 and a twelve month high of $24.03. The business has a 50-day moving average price of $22.77 and a 200-day moving average price of $22.82.

About VanEck Short High Yield Muni ETF

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.