Dakota Wealth Management Trims Stake in VanEck Short High Yield Muni ETF $SHYD

Dakota Wealth Management lowered its position in VanEck Short High Yield Muni ETF (BATS:SHYD) by 81.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,926 shares of the company’s stock after selling 242,806 shares during the quarter. Dakota Wealth Management owned about 0.38% of VanEck Short High Yield Muni ETF worth $1,281,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in VanEck Short High Yield Muni ETF by 6.5% during the first quarter. NewEdge Advisors LLC now owns 35,477 shares of the company’s stock valued at $798,000 after buying an additional 2,160 shares during the period. Cetera Investment Advisers raised its holdings in shares of VanEck Short High Yield Muni ETF by 12.5% in the 2nd quarter. Cetera Investment Advisers now owns 53,753 shares of the company’s stock valued at $1,214,000 after acquiring an additional 5,973 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of VanEck Short High Yield Muni ETF by 103.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,310 shares of the company’s stock valued at $120,000 after acquiring an additional 2,699 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of VanEck Short High Yield Muni ETF by 4.8% in the 2nd 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. Finally, Trustmark Bank Trust Department boosted its position in shares of VanEck Short High Yield Muni ETF by 2.3% during the 2nd quarter. Trustmark Bank Trust Department now owns 44,058 shares of the company’s stock valued at $995,000 after acquiring an additional 1,000 shares during the last quarter.

VanEck Short High Yield Muni ETF Price Performance

Shares of BATS SHYD opened at $22.61 on Monday. VanEck Short High Yield Muni ETF has a 12 month low of $21.68 and a 12 month high of $24.03. The business has a 50-day moving average of $22.93 and a 200-day moving average of $22.89.

VanEck Short High Yield Muni ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0602 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.2%.

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.