Janney Montgomery Scott LLC purchased a new stake in VanEck Short Muni ETF (BATS:SMB – Free Report) in the first quarter, Holdings Channel.com reports. The firm purchased 145,836 shares of the company’s stock, valued at approximately $2,523,000.
Several other institutional investors have also recently bought and sold shares of the stock. Kavar Capital Partners Group LLC acquired a new position in VanEck Short Muni ETF during the 1st quarter valued at about $216,000. Beacon Pointe Advisors LLC acquired a new position in shares of VanEck Short Muni ETF in the 4th quarter valued at approximately $795,000. FAS Wealth Partners Inc. boosted its holdings in shares of VanEck Short Muni ETF by 12.5% in the fourth quarter. FAS Wealth Partners Inc. now owns 47,874 shares of the company’s stock valued at $833,000 after buying an additional 5,313 shares during the period. Cetera Investment Advisers raised its stake in shares of VanEck Short Muni ETF by 6.1% in the 4th quarter. Cetera Investment Advisers now owns 50,790 shares of the company’s stock valued at $884,000 after purchasing an additional 2,940 shares during the period. Finally, MML Investors Services LLC boosted its position in VanEck Short Muni ETF by 8.4% during the 4th quarter. MML Investors Services LLC now owns 123,872 shares of the company’s stock worth $2,157,000 after acquiring an additional 9,547 shares during the last quarter.
VanEck Short Muni ETF Price Performance
BATS SMB opened at $17.29 on Thursday. The stock has a 50 day moving average of $17.30 and a 200-day moving average of $17.36. VanEck Short Muni ETF has a 12 month low of $17.21 and a 12 month high of $17.53.
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.
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Want to see what other hedge funds are holding SMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Short Muni ETF (BATS:SMB – Free Report).
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