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

Sowell Financial Services LLC lessened its holdings in VanEck Short High Yield Muni ETF (BATS:SHYD) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,652 shares of the company’s stock after selling 12,616 shares during the period. Sowell Financial Services LLC owned 0.30% of VanEck Short High Yield Muni ETF worth $959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of VanEck Short High Yield Muni ETF in the third quarter valued at about $236,000. Core Wealth Partners LLC acquired a new stake in VanEck Short High Yield Muni ETF in the 3rd quarter valued at approximately $372,000. Flow Traders U.S. LLC bought a new position in VanEck Short High Yield Muni ETF in the 3rd quarter worth approximately $1,075,000. Garden State Investment Advisory Services LLC acquired a new position in shares of VanEck Short High Yield Muni ETF during the third quarter worth approximately $1,030,000. Finally, HighTower Advisors LLC boosted its position in shares of VanEck Short High Yield Muni ETF by 2.7% in the third quarter. HighTower Advisors LLC now owns 17,211 shares of the company’s stock valued at $391,000 after acquiring an additional 457 shares during the period.

VanEck Short High Yield Muni ETF Stock Performance

Shares of SHYD stock opened at $22.69 on Tuesday. The business’s 50-day moving average is $22.66 and its two-hundred day moving average is $22.65.

VanEck Short High Yield Muni ETF Cuts Dividend

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

VanEck Short High Yield Muni ETF Company 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.