HighTower Advisors LLC Sells 1,690 Shares of VanEck Short Muni ETF (BATS:SMB)

HighTower Advisors LLC trimmed its stake in shares of VanEck Short Muni ETF (BATS:SMB) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,811 shares of the company’s stock after selling 1,690 shares during the quarter. HighTower Advisors LLC owned about 0.11% of VanEck Short Muni ETF worth $270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SMB. Allworth Financial LP grew its holdings in VanEck Short Muni ETF by 29.9% in the 4th quarter. Allworth Financial LP now owns 1,633,544 shares of the company’s stock valued at $27,999,000 after buying an additional 376,034 shares in the last quarter. Dohj LLC grew its position in shares of VanEck Short Muni ETF by 4.1% during the 4th quarter. Dohj LLC now owns 367,189 shares of the company’s stock worth $6,275,000 after purchasing an additional 14,514 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 30,478 shares during the period. Janney Capital Management LLC acquired a new stake in shares of VanEck Short Muni ETF in the fourth quarter valued at approximately $2,454,000. Finally, MidWestOne Financial Group Inc. boosted its stake in shares of VanEck Short Muni ETF by 7.6% in the third quarter. MidWestOne Financial Group Inc. now owns 141,456 shares of the company’s stock valued at $2,446,000 after buying an additional 9,978 shares during the period.

VanEck Short Muni ETF Price Performance

Shares of BATS:SMB opened at $17.11 on Thursday. VanEck Short Muni ETF has a 1 year low of $16.85 and a 1 year high of $17.29. The business’s 50 day simple moving average is $17.17 and its 200 day simple moving average is $17.17.

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.