VanEck Short Muni ETF $SMB Shares Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. boosted its stake in shares of VanEck Short Muni ETF (BATS:SMB) by 7.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 613,049 shares of the company’s stock after buying an additional 45,078 shares during the period. VanEck Short Muni ETF accounts for 1.7% of M Holdings Securities Inc.’s investment portfolio, making the stock its 12th largest position. M Holdings Securities Inc.’s holdings in VanEck Short Muni ETF were worth $10,505,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMB. Allworth Financial LP lifted its stake in shares of VanEck Short Muni ETF by 8.4% in the 1st quarter. Allworth Financial LP now owns 1,771,043 shares of the company’s stock valued at $30,108,000 after purchasing an additional 137,499 shares during the last quarter. Bank of America Corp DE lifted its stake in VanEck Short Muni ETF by 4.3% during the 4th quarter. Bank of America Corp DE now owns 2,831,063 shares of the company’s stock worth $48,383,000 after acquiring an additional 116,822 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in VanEck Short Muni ETF by 162.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 182,524 shares of the company’s stock valued at $3,119,000 after purchasing an additional 112,903 shares in the last quarter. Ameriprise Financial Inc. raised its position in VanEck Short Muni ETF by 32.3% in the 4th quarter. Ameriprise Financial Inc. now owns 407,821 shares of the company’s stock valued at $6,977,000 after purchasing an additional 99,549 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in VanEck Short Muni ETF during the 4th quarter worth approximately $1,262,000.

VanEck Short Muni ETF Trading Up 0.5%

BATS SMB opened at $17.34 on Monday. VanEck Short Muni ETF has a 52 week low of $16.70 and a 52 week high of $17.29. The firm has a 50 day moving average of $17.26 and a two-hundred day moving average of $17.15.

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.