Gradient Investments LLC raised its position in VanEck Short Muni ETF (BATS:SMB – Free Report) by 45.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,402 shares of the company’s stock after acquiring an additional 40,829 shares during the quarter. Gradient Investments LLC owned 0.82% of VanEck Short Muni ETF worth $2,289,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of SMB. Flow Traders U.S. LLC acquired a new position in VanEck Short Muni ETF during the 1st quarter worth $675,000. Jones Financial Companies Lllp increased its holdings in VanEck Short Muni ETF by 9.6% in the first quarter. Jones Financial Companies Lllp now owns 22,261 shares of the company’s stock valued at $382,000 after buying an additional 1,952 shares during the last quarter. Ascent Group LLC bought a new stake in VanEck Short Muni ETF in the first quarter valued at about $461,000. Jane Street Group LLC bought a new position in VanEck Short Muni ETF during the first quarter worth $940,000. Finally, Juncture Wealth Strategies LLC grew its holdings in shares of VanEck Short Muni ETF by 3.5% during the second quarter. Juncture Wealth Strategies LLC now owns 31,962 shares of the company’s stock valued at $552,000 after purchasing an additional 1,075 shares during the last quarter.
VanEck Short Muni ETF Trading Down 0.7%
Shares of BATS:SMB opened at $17.36 on Thursday. The company’s 50-day moving average price is $17.35 and its 200 day moving average price is $17.32. VanEck Short Muni ETF has a fifty-two week low of $16.70 and a fifty-two week high of $17.29.
About VanEck Short Muni ETF
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.
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