VanEck Short High Yield Muni ETF $SHYD Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC reduced its position in VanEck Short High Yield Muni ETF (BATS:SHYD) by 43.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,065 shares of the company’s stock after selling 8,600 shares during the period. Tortoise Investment Management LLC owned about 0.08% of VanEck Short High Yield Muni ETF worth $250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Analysts LLC lifted its position in VanEck Short High Yield Muni ETF by 230.9% during the first quarter. Capital Analysts LLC now owns 4,818 shares of the company’s stock valued at $108,000 after buying an additional 3,362 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in shares of VanEck Short High Yield Muni ETF by 233.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 5,761 shares of the company’s stock worth $130,000 after buying an additional 4,033 shares in the last quarter. Pure Financial Advisors LLC bought a new stake in shares of VanEck Short High Yield Muni ETF in the 2nd quarter worth about $260,000. Fortis Capital Advisors LLC bought a new stake in VanEck Short High Yield Muni ETF in the first quarter valued at about $309,000. Finally, Richard P Slaughter Associates Inc acquired a new stake in shares of VanEck Short High Yield Muni ETF during the 2nd quarter valued at approximately $341,000.

VanEck Short High Yield Muni ETF Price Performance

Shares of BATS SHYD opened at $22.83 on Monday. The stock’s 50 day simple moving average is $22.85 and its 200 day simple moving average is $22.63. VanEck Short High Yield Muni ETF has a 12-month low of $21.68 and a 12-month high of $23.84.

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.