Processus Wealth & Capital Management LLC Takes Position in VanEck Short High Yield Muni ETF (BATS:SHYD)

Processus Wealth & Capital Management LLC bought a new stake in VanEck Short High Yield Muni ETF (BATS:SHYD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,570 shares of the company’s stock, valued at approximately $278,000. Processus Wealth & Capital Management LLC owned 0.07% of VanEck Short High Yield Muni ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHYD. Kestra Advisory Services LLC lifted its stake in shares of VanEck Short High Yield Muni ETF by 83.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 29,606 shares of the company’s stock valued at $640,000 after purchasing an additional 13,499 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in VanEck Short High Yield Muni ETF during the third quarter valued at $508,000. Envestnet Asset Management Inc. raised its stake in VanEck Short High Yield Muni ETF by 10.0% during the third quarter. Envestnet Asset Management Inc. now owns 856,244 shares of the company’s stock valued at $18,512,000 after buying an additional 77,923 shares during the last quarter. LPL Financial LLC raised its stake in VanEck Short High Yield Muni ETF by 65.6% during the third quarter. LPL Financial LLC now owns 514,680 shares of the company’s stock valued at $11,127,000 after buying an additional 203,870 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in VanEck Short High Yield Muni ETF by 25.6% during the third quarter. Mercer Global Advisors Inc. ADV now owns 767,993 shares of the company’s stock valued at $16,604,000 after buying an additional 156,344 shares during the last quarter.

VanEck Short High Yield Muni ETF Price Performance

Shares of BATS:SHYD opened at $22.26 on Monday. The company’s 50-day moving average is $22.22 and its two-hundred day moving average is $22.18.

VanEck Short High Yield Muni ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.059 per share. The ex-dividend date was Monday, June 3rd.

About VanEck Short High Yield Muni ETF

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.