Valeo Financial Advisors LLC Takes Position in VanEck Short Muni ETF $SMB

Valeo Financial Advisors LLC purchased a new stake in shares of VanEck Short Muni ETF (BATS:SMB) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 157,000 shares of the company’s stock, valued at approximately $2,733,000.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of VanEck Short Muni ETF during the fourth quarter valued at $43,000. AE Wealth Management LLC increased its holdings in shares of VanEck Short Muni ETF by 359.7% during the third quarter. AE Wealth Management LLC now owns 2,501 shares of the company’s stock valued at $44,000 after purchasing an additional 1,957 shares during the period. Guerra Advisors Inc acquired a new position in shares of VanEck Short Muni ETF during the third quarter valued at $46,000. CWM LLC increased its holdings in shares of VanEck Short Muni ETF by 139.5% during the third quarter. CWM LLC now owns 10,500 shares of the company’s stock valued at $183,000 after purchasing an additional 6,116 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of VanEck Short Muni ETF during the fourth quarter valued at $191,000.

VanEck Short Muni ETF Price Performance

Shares of SMB opened at $17.26 on Tuesday. VanEck Short Muni ETF has a one year low of $17.06 and a one year high of $17.53. The stock’s fifty day moving average is $17.33 and its 200-day moving average is $17.37.

VanEck Short Muni ETF Profile

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.