NBC Securities Inc. Lowers Stock Position in VanEck Short High Yield Muni ETF (BATS:SHYD)

NBC Securities Inc. lessened its stake in VanEck Short High Yield Muni ETF (BATS:SHYD) by 68.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,070 shares of the company’s stock after selling 4,446 shares during the period. NBC Securities Inc.’s holdings in VanEck Short High Yield Muni ETF were worth $47,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in VanEck Short High Yield Muni ETF by 19.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,342,844 shares of the company’s stock worth $30,039,000 after acquiring an additional 221,303 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of VanEck Short High Yield Muni ETF by 20.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,248,996 shares of the company’s stock worth $27,940,000 after purchasing an additional 213,195 shares in the last quarter. Fragasso Financial Advisors Inc boosted its holdings in shares of VanEck Short High Yield Muni ETF by 1.3% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 219,053 shares of the company’s stock worth $4,977,000 after purchasing an additional 2,728 shares in the last quarter. Truist Financial Corp increased its position in shares of VanEck Short High Yield Muni ETF by 0.3% during the 2nd quarter. Truist Financial Corp now owns 174,915 shares of the company’s stock valued at $3,913,000 after purchasing an additional 596 shares during the last quarter. Finally, First Foundation Advisors raised its holdings in shares of VanEck Short High Yield Muni ETF by 1.6% during the 2nd quarter. First Foundation Advisors now owns 140,933 shares of the company’s stock valued at $3,153,000 after buying an additional 2,259 shares in the last quarter.

VanEck Short High Yield Muni ETF Stock Up 0.1 %

BATS:SHYD opened at $22.83 on Monday. The stock has a fifty day moving average price of $22.60 and a 200 day moving average price of $22.40.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.0585 dividend. The ex-dividend date was Tuesday, September 3rd.

VanEck Short High Yield Muni ETF Profile

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.