Bank of America Corp DE Purchases 31,557 Shares of VanEck Short High Yield Muni ETF (BATS:SHYD)

Bank of America Corp DE raised its stake in VanEck Short High Yield Muni ETF (BATS:SHYD) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 443,331 shares of the company’s stock after purchasing an additional 31,557 shares during the period. Bank of America Corp DE owned 3.08% of VanEck Short High Yield Muni ETF worth $9,966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management bought a new stake in VanEck Short High Yield Muni ETF in the fourth quarter valued at $25,000. Duncker Streett & Co. Inc. bought a new stake in VanEck Short High Yield Muni ETF in the fourth quarter valued at $29,000. Concourse Financial Group Securities Inc. bought a new stake in VanEck Short High Yield Muni ETF in the fourth quarter valued at $29,000. Coppell Advisory Solutions LLC grew its holdings in shares of VanEck Short High Yield Muni ETF by 546.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 2,353 shares of the company’s stock valued at $53,000 after buying an additional 1,989 shares during the last quarter. Finally, Johnson Bixby & Associates LLC acquired a new position in shares of VanEck Short High Yield Muni ETF during the fourth quarter valued at about $213,000.

VanEck Short High Yield Muni ETF Trading Down 0.6%

Shares of BATS SHYD opened at $22.38 on Friday. The company has a 50-day moving average price of $22.30 and a 200-day moving average price of $22.53. VanEck Short High Yield Muni ETF has a 1 year low of $21.68 and a 1 year high of $23.84.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.0521 per share. The ex-dividend date of this dividend was Monday, March 3rd.

VanEck Short High Yield Muni ETF Company 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.