HighTower Advisors LLC reduced its position in VanEck Short Muni ETF (BATS:SMB – Free Report) by 49.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 17,501 shares of the company’s stock after selling 16,809 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck Short Muni ETF were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of SMB. Cerity Partners LLC boosted its stake in shares of VanEck Short Muni ETF by 23.9% during the third quarter. Cerity Partners LLC now owns 185,410 shares of the company’s stock worth $3,206,000 after buying an additional 35,785 shares during the period. M Holdings Securities Inc. lifted its position in VanEck Short Muni ETF by 7.8% during the 3rd quarter. M Holdings Securities Inc. now owns 572,659 shares of the company’s stock worth $9,901,000 after acquiring an additional 41,642 shares during the period. Kavar Capital Partners Group LLC acquired a new stake in VanEck Short Muni ETF during the 3rd quarter worth approximately $216,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of VanEck Short Muni ETF in the 3rd quarter valued at approximately $432,000. Finally, Allworth Financial LP increased its holdings in shares of VanEck Short Muni ETF by 14.8% in the third quarter. Allworth Financial LP now owns 1,257,510 shares of the company’s stock valued at $21,742,000 after purchasing an additional 161,665 shares during the period.
VanEck Short Muni ETF Price Performance
Shares of BATS SMB opened at $17.10 on Tuesday. The business’s fifty day moving average is $17.18 and its two-hundred day moving average is $17.15.
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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Want to see what other hedge funds are holding SMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Short Muni ETF (BATS:SMB – Free Report).
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