Envestnet Asset Management Inc. Cuts Position in VanEck Short High Yield Muni ETF $SHYD

Envestnet Asset Management Inc. cut its stake in VanEck Short High Yield Muni ETF (BATS:SHYD) by 13.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,142,288 shares of the company’s stock after selling 176,336 shares during the period. Envestnet Asset Management Inc. owned about 7.74% of VanEck Short High Yield Muni ETF worth $25,803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHYD. Capital Analysts LLC grew its position in VanEck Short High Yield Muni ETF by 230.9% in the first quarter. Capital Analysts LLC now owns 4,818 shares of the company’s stock worth $108,000 after acquiring an additional 3,362 shares in the last quarter. Pure Financial Advisors LLC bought a new stake in shares of VanEck Short High Yield Muni ETF in the 2nd quarter worth approximately $260,000. Fortis Capital Advisors LLC bought a new stake in shares of VanEck Short High Yield Muni ETF in the 1st quarter worth approximately $309,000. Richard P Slaughter Associates Inc bought a new stake in shares of VanEck Short High Yield Muni ETF in the 2nd quarter worth approximately $341,000. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of VanEck Short High Yield Muni ETF by 38.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 15,963 shares of the company’s stock worth $359,000 after acquiring an additional 4,420 shares during the last quarter.

VanEck Short High Yield Muni ETF Stock Performance

Shares of SHYD opened at $22.78 on Tuesday. VanEck Short High Yield Muni ETF has a fifty-two week low of $21.68 and a fifty-two week high of $23.84. The firm has a 50 day moving average price of $22.83 and a 200-day moving average price of $22.59.

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.