Raymond James Financial Services Advisors Inc. Raises Position in VanEck Short Muni ETF (BATS:SMB)

Raymond James Financial Services Advisors Inc. raised its stake in shares of VanEck Short Muni ETF (BATS:SMB) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,148 shares of the company’s stock after purchasing an additional 1,148 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.19% of VanEck Short Muni ETF worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SMB. JPMorgan Chase & Co. purchased a new stake in shares of VanEck Short Muni ETF in the first quarter worth approximately $44,000. Global Retirement Partners LLC raised its holdings in shares of VanEck Short Muni ETF by 82.3% in the third quarter. Global Retirement Partners LLC now owns 4,347 shares of the company’s stock worth $72,000 after buying an additional 1,962 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of VanEck Short Muni ETF in the third quarter worth approximately $171,000. Comerica Bank purchased a new stake in shares of VanEck Short Muni ETF in the third quarter worth approximately $178,000. Finally, Moneta Group Investment Advisors LLC purchased a new stake in shares of VanEck Short Muni ETF in the third quarter worth approximately $179,000.

VanEck Short Muni ETF Trading Up 0.2 %

SMB opened at $16.98 on Friday. The business’s 50 day moving average price is $17.01 and its two-hundred day moving average price is $16.96.

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.