Strategic Financial Concepts LLC Invests $246,000 in VanEck Short Muni ETF (BATS:SMB)

Strategic Financial Concepts LLC bought a new stake in VanEck Short Muni ETF (BATS:SMB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,393 shares of the company’s stock, valued at approximately $246,000. Strategic Financial Concepts LLC owned about 0.10% of VanEck Short Muni ETF at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in VanEck Short Muni ETF by 14.8% during the third quarter. Allworth Financial LP now owns 1,257,510 shares of the company’s stock worth $21,742,000 after acquiring an additional 161,665 shares during the period. Janney Capital Management LLC bought a new stake in shares of VanEck Short Muni ETF during the 4th quarter worth $2,454,000. M Holdings Securities Inc. boosted its holdings in shares of VanEck Short Muni ETF by 7.8% in the 3rd quarter. M Holdings Securities Inc. now owns 572,659 shares of the company’s stock worth $9,901,000 after buying an additional 41,642 shares during the last quarter. Cerity Partners LLC grew its position in VanEck Short Muni ETF by 23.9% during the third quarter. Cerity Partners LLC now owns 185,410 shares of the company’s stock valued at $3,206,000 after buying an additional 35,785 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in VanEck Short Muni ETF by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 311,121 shares of the company’s stock worth $5,379,000 after buying an additional 30,478 shares during the last quarter.

VanEck Short Muni ETF Stock Performance

SMB opened at $17.14 on Thursday. The company has a fifty day moving average of $17.14 and a 200-day moving average of $17.18.

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.