Envestnet Asset Management Inc. Has $30.04 Million Stock Position in VanEck Short High Yield Muni ETF (BATS:SHYD)

Envestnet Asset Management Inc. boosted its stake in VanEck Short High Yield Muni ETF (BATS:SHYD) by 19.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,342,844 shares of the company’s stock after buying an additional 221,303 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of VanEck Short High Yield Muni ETF worth $30,039,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. acquired a new position in VanEck Short High Yield Muni ETF in the 1st quarter valued at about $111,000. Processus Wealth & Capital Management LLC acquired a new position in VanEck Short High Yield Muni ETF in the 4th quarter valued at about $278,000. Clear Rock Advisors LLC acquired a new position in shares of VanEck Short High Yield Muni ETF during the 4th quarter worth approximately $225,000. Concurrent Investment Advisors LLC grew its position in shares of VanEck Short High Yield Muni ETF by 4.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,361 shares of the company’s stock worth $612,000 after purchasing an additional 1,160 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of VanEck Short High Yield Muni ETF by 11.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 19,523 shares of the company’s stock worth $432,000 after purchasing an additional 1,932 shares in the last quarter.

VanEck Short High Yield Muni ETF Trading Up 0.1 %

Shares of BATS:SHYD opened at $22.64 on Friday. The stock’s 50-day simple moving average is $22.48 and its 200 day simple moving average is $22.34.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.0585 per share. The ex-dividend date was Tuesday, September 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.