Avantax Advisory Services Inc. Increases Position in VanEck Short High Yield Muni ETF (BATS:SHYD)

Avantax Advisory Services Inc. grew its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,543 shares of the company’s stock after acquiring an additional 1,104 shares during the period. Avantax Advisory Services Inc.’s holdings in VanEck Short High Yield Muni ETF were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SHYD. PFG Advisors grew its position in VanEck Short High Yield Muni ETF by 2.4% during the 4th quarter. PFG Advisors now owns 19,787 shares of the company’s stock valued at $445,000 after purchasing an additional 456 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of VanEck Short High Yield Muni ETF by 23.3% in the fourth quarter. HighTower Advisors LLC now owns 21,222 shares of the company’s stock worth $477,000 after buying an additional 4,011 shares in the last quarter. Cascade Financial Partners LLC grew its holdings in shares of VanEck Short High Yield Muni ETF by 5.8% during the fourth quarter. Cascade Financial Partners LLC now owns 42,137 shares of the company’s stock valued at $947,000 after buying an additional 2,300 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of VanEck Short High Yield Muni ETF during the fourth quarter valued at approximately $306,000. Finally, Raymond James Financial Inc. purchased a new position in VanEck Short High Yield Muni ETF in the 4th quarter worth approximately $2,485,000.

VanEck Short High Yield Muni ETF Trading Up 0.4 %

Shares of SHYD opened at $22.62 on Thursday. The business’s fifty day simple moving average is $22.69 and its two-hundred day simple moving average is $22.66. VanEck Short High Yield Muni ETF has a 12 month low of $22.05 and a 12 month high of $23.84.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.0521 dividend. The ex-dividend date was Monday, March 3rd.

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.