VanEck Short High Yield Muni ETF (BATS:SHYD) Stock Holdings Lessened by McAdam LLC

McAdam LLC trimmed its stake in VanEck Short High Yield Muni ETF (BATS:SHYD) by 3.3% in the third quarter, Holdings Channel.com reports. The firm owned 34,266 shares of the company’s stock after selling 1,176 shares during the quarter. McAdam LLC’s holdings in VanEck Short High Yield Muni ETF were worth $779,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SHYD. Envestnet Asset Management Inc. lifted its position in shares of VanEck Short High Yield Muni ETF by 19.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,342,844 shares of the company’s stock worth $30,039,000 after purchasing an additional 221,303 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in VanEck Short High Yield Muni ETF by 20.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,248,996 shares of the company’s stock valued at $27,940,000 after acquiring an additional 213,195 shares in the last quarter. Pure Portfolios Holdings LLC bought a new position in VanEck Short High Yield Muni ETF during the third quarter valued at approximately $1,166,000. Sanctuary Advisors LLC bought a new position in VanEck Short High Yield Muni ETF during the second quarter valued at approximately $982,000. Finally, Cetera Investment Advisers raised its position in VanEck Short High Yield Muni ETF by 62.2% during the first quarter. Cetera Investment Advisers now owns 83,843 shares of the company’s stock valued at $1,879,000 after acquiring an additional 32,150 shares in the last quarter.

VanEck Short High Yield Muni ETF Stock Performance

Shares of SHYD opened at $22.73 on Friday. The company’s fifty day simple moving average is $22.62 and its 200 day simple moving average is $22.41.

VanEck Short High Yield Muni ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.0585 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

VanEck Short High Yield Muni ETF Profile

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.