Envestnet Asset Management Inc. Trims Stock Holdings in VanEck Short High Yield Muni ETF $SHYD

Envestnet Asset Management Inc. lowered its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 82.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,660 shares of the company’s stock after selling 945,628 shares during the quarter. Envestnet Asset Management Inc. owned 1.33% of VanEck Short High Yield Muni ETF worth $4,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHYD. Naples Global Advisors LLC lifted its position in shares of VanEck Short High Yield Muni ETF by 1.4% during the third quarter. Naples Global Advisors LLC now owns 36,950 shares of the company’s stock worth $846,000 after purchasing an additional 500 shares during the last quarter. NewSquare Capital LLC boosted its position in VanEck Short High Yield Muni ETF by 2.8% in the 2nd quarter. NewSquare Capital LLC now owns 27,911 shares of the company’s stock valued at $630,000 after buying an additional 751 shares during the period. DAVENPORT & Co LLC grew its stake in VanEck Short High Yield Muni ETF by 2.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 34,055 shares of the company’s stock worth $780,000 after acquiring an additional 777 shares in the last quarter. Trustmark Bank Trust Department increased its position in shares of VanEck Short High Yield Muni ETF by 2.3% during the second quarter. Trustmark Bank Trust Department now owns 44,058 shares of the company’s stock worth $995,000 after acquiring an additional 1,000 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of VanEck Short High Yield Muni ETF by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 26,523 shares of the company’s stock valued at $599,000 after acquiring an additional 1,210 shares in the last quarter.

VanEck Short High Yield Muni ETF Stock Performance

Shares of BATS SHYD opened at $23.08 on Tuesday. VanEck Short High Yield Muni ETF has a 52-week low of $21.68 and a 52-week high of $23.84. The stock has a 50 day moving average price of $22.99 and a 200 day moving average price of $22.87.

VanEck Short High Yield Muni ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.0713 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. This is a boost from VanEck Short High Yield Muni ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd.

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.