Envestnet Asset Management Inc. Grows Stake in VanEck Short High Yield Muni ETF (BATS:SHYD)

Envestnet Asset Management Inc. grew its holdings in VanEck Short High Yield Muni ETF (BATS:SHYD) by 15.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 722,870 shares of the company’s stock after buying an additional 96,196 shares during the quarter. Envestnet Asset Management Inc. owned approximately 3.98% of VanEck Short High Yield Muni ETF worth $16,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management bought a new position in shares of VanEck Short High Yield Muni ETF in the 1st quarter worth about $30,000. Global Retirement Partners LLC increased its stake in shares of VanEck Short High Yield Muni ETF by 186.7% during the first quarter. Global Retirement Partners LLC now owns 2,007 shares of the company’s stock valued at $45,000 after purchasing an additional 1,307 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of VanEck Short High Yield Muni ETF by 2,214.4% during the fourth quarter. Harbour Investments Inc. now owns 3,703 shares of the company’s stock valued at $82,000 after purchasing an additional 3,543 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of VanEck Short High Yield Muni ETF during the first quarter valued at approximately $87,000. Finally, Mariner LLC purchased a new position in shares of VanEck Short High Yield Muni ETF during the fourth quarter valued at approximately $200,000.

VanEck Short High Yield Muni ETF Stock Down 0.3 %

SHYD stock opened at $22.02 on Friday. The firm’s 50-day simple moving average is $22.17 and its 200 day simple moving average is $22.22.

VanEck Short High Yield Muni ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, July 7th. Stockholders of record on Wednesday, July 5th were issued a dividend of $0.053 per share. The ex-dividend date was Monday, July 3rd.

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.