VanEck Short Muni ETF (BATS:SMB) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in shares of VanEck Short Muni ETF (BATS:SMB) by 32.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 407,821 shares of the company’s stock after buying an additional 99,549 shares during the period. Ameriprise Financial Inc. owned about 2.71% of VanEck Short Muni ETF worth $6,977,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SMB. Providence First Trust Co bought a new stake in shares of VanEck Short Muni ETF during the 4th quarter worth $48,000. Golden State Wealth Management LLC purchased a new stake in shares of VanEck Short Muni ETF during the fourth quarter valued at $133,000. Transce3nd LLC acquired a new position in shares of VanEck Short Muni ETF in the 4th quarter valued at $183,000. Atria Wealth Solutions Inc. purchased a new position in VanEck Short Muni ETF in the 4th quarter worth about $225,000. Finally, Strategic Financial Concepts LLC purchased a new position in VanEck Short Muni ETF in the 4th quarter worth about $246,000.

VanEck Short Muni ETF Stock Performance

BATS SMB opened at $17.12 on Friday. The stock’s 50-day moving average price is $17.04 and its two-hundred day moving average price is $17.12. VanEck Short Muni ETF has a 1 year low of $16.70 and a 1 year high of $17.29.

VanEck Short Muni ETF Profile

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.