Kestra Private Wealth Services LLC Lowers Holdings in VanEck Short High Yield Muni ETF (BATS:SHYD)

Kestra Private Wealth Services LLC lowered its holdings in VanEck Short High Yield Muni ETF (BATS:SHYD) by 24.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,808 shares of the company’s stock after selling 4,198 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in VanEck Short High Yield Muni ETF were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHYD. Raymond James Financial Services Advisors Inc. increased its position in shares of VanEck Short High Yield Muni ETF by 25.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 113,560 shares of the company’s stock worth $2,455,000 after purchasing an additional 23,177 shares during the last quarter. Kades & Cheifetz LLC raised its stake in shares of VanEck Short High Yield Muni ETF by 0.7% in the 3rd quarter. Kades & Cheifetz LLC now owns 88,380 shares of the company’s stock valued at $1,911,000 after acquiring an additional 572 shares during the period. Allen Capital Group LLC lifted its holdings in shares of VanEck Short High Yield Muni ETF by 7.6% in the 3rd quarter. Allen Capital Group LLC now owns 26,444 shares of the company’s stock worth $568,000 after acquiring an additional 1,859 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of VanEck Short High Yield Muni ETF during the 3rd quarter worth approximately $281,000. Finally, Great Valley Advisor Group Inc. increased its holdings in VanEck Short High Yield Muni ETF by 4.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 24,468 shares of the company’s stock valued at $529,000 after purchasing an additional 1,086 shares during the last quarter.

VanEck Short High Yield Muni ETF Stock Performance

BATS:SHYD opened at $22.40 on Thursday. The stock’s 50 day moving average price is $22.26 and its two-hundred day moving average price is $22.05.

VanEck Short High Yield Muni ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.0663 per share. This is a positive change from VanEck Short High Yield Muni ETF’s previous dividend of $0.06. The ex-dividend date was Monday, April 1st.

VanEck Short High Yield Muni ETF 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.