Allworth Financial LP Raises Position in VanEck Short Muni ETF $SMB

Allworth Financial LP lifted its position in VanEck Short Muni ETF (BATS:SMB) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,013,157 shares of the company’s stock after buying an additional 146,094 shares during the period. Allworth Financial LP owned about 12.62% of VanEck Short Muni ETF worth $35,069,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new stake in shares of VanEck Short Muni ETF in the 2nd quarter worth $35,000. AE Wealth Management LLC raised its position in VanEck Short Muni ETF by 359.7% in the 3rd quarter. AE Wealth Management LLC now owns 2,501 shares of the company’s stock worth $44,000 after buying an additional 1,957 shares during the last quarter. Guerra Advisors Inc bought a new position in VanEck Short Muni ETF during the 3rd quarter valued at about $46,000. CWM LLC lifted its stake in VanEck Short Muni ETF by 139.5% during the 3rd quarter. CWM LLC now owns 10,500 shares of the company’s stock valued at $183,000 after acquiring an additional 6,116 shares during the period. Finally, Trilogy Capital Inc. purchased a new stake in shares of VanEck Short Muni ETF during the 3rd quarter valued at about $202,000.

VanEck Short Muni ETF Stock Performance

Shares of SMB stock opened at $17.40 on Thursday. The company has a 50 day moving average price of $17.42 and a 200-day moving average price of $17.39. VanEck Short Muni ETF has a 52 week low of $16.70 and a 52 week high of $17.53.

VanEck Short Muni ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.0356 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.5%.

VanEck Short Muni ETF Profile

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.