JPMorgan Chase & Co. Buys 30,478 Shares of VanEck Short Muni ETF (BATS:SMB)

JPMorgan Chase & Co. lifted its position in VanEck Short Muni ETF (BATS:SMB) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,121 shares of the company’s stock after acquiring an additional 30,478 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.07% of VanEck Short Muni ETF worth $5,379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SMB. Fluent Financial LLC bought a new stake in VanEck Short Muni ETF in the 3rd quarter worth about $203,000. Kavar Capital Partners Group LLC bought a new position in shares of VanEck Short Muni ETF in the third quarter valued at approximately $216,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of VanEck Short Muni ETF in the third quarter valued at approximately $432,000. MML Investors Services LLC increased its position in shares of VanEck Short Muni ETF by 10.7% during the third quarter. MML Investors Services LLC now owns 102,229 shares of the company’s stock valued at $1,768,000 after acquiring an additional 9,855 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in VanEck Short Muni ETF in the second quarter worth $1,774,000.

VanEck Short Muni ETF Stock Up 0.2 %

Shares of BATS:SMB opened at $17.11 on Friday. The company has a 50-day simple moving average of $17.15 and a two-hundred day simple moving average of $17.16.

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.