Envestnet Asset Management Inc. Trims Stake in VanEck Short Muni ETF (NYSEARCA:SMB)

Envestnet Asset Management Inc. decreased its position in shares of VanEck Short Muni ETF (NYSEARCA:SMBGet Rating) by 6.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 115,994 shares of the company’s stock after selling 7,569 shares during the period. Envestnet Asset Management Inc. owned about 0.54% of VanEck Short Muni ETF worth $1,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SMB. Park Avenue Securities LLC boosted its position in shares of VanEck Short Muni ETF by 5.6% in the 1st quarter. Park Avenue Securities LLC now owns 25,183 shares of the company’s stock worth $431,000 after purchasing an additional 1,334 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of VanEck Short Muni ETF by 5.0% in the 1st quarter. DAVENPORT & Co LLC now owns 69,239 shares of the company’s stock worth $1,184,000 after purchasing an additional 3,290 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of VanEck Short Muni ETF by 7.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 92,290 shares of the company’s stock worth $1,579,000 after purchasing an additional 6,346 shares in the last quarter. Advisors Preferred LLC boosted its position in shares of VanEck Short Muni ETF by 14.8% in the 1st quarter. Advisors Preferred LLC now owns 62,840 shares of the company’s stock worth $1,073,000 after purchasing an additional 8,120 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of VanEck Short Muni ETF in the 1st quarter worth approximately $426,000.

VanEck Short Muni ETF Price Performance

Shares of SMB opened at $16.76 on Friday. The business’s 50 day moving average price is $16.64 and its 200-day moving average price is $16.88. VanEck Short Muni ETF has a 52 week low of $16.49 and a 52 week high of $17.97.

About VanEck Short Muni ETF

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Market Vectors Short Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Short Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 1 to 6 years.

Further Reading

Institutional Ownership by Quarter for VanEck Short Muni ETF (NYSEARCA:SMB)

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