Raymond James Financial Inc. bought a new stake in shares of VanEck Short Muni ETF (BATS:SMB – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 73,822 shares of the company’s stock, valued at approximately $1,262,000. Raymond James Financial Inc. owned about 0.49% of VanEck Short Muni ETF at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SMB. Jones Financial Companies Lllp raised its stake in VanEck Short Muni ETF by 98.3% in the 4th quarter. Jones Financial Companies Lllp now owns 20,309 shares of the company’s stock valued at $347,000 after purchasing an additional 10,069 shares during the last quarter. Providence First Trust Co purchased a new stake in shares of VanEck Short Muni ETF during the fourth quarter worth $48,000. Private Advisor Group LLC raised its position in shares of VanEck Short Muni ETF by 30.0% in the fourth quarter. Private Advisor Group LLC now owns 58,891 shares of the company’s stock valued at $1,006,000 after buying an additional 13,598 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of VanEck Short Muni ETF in the fourth quarter worth about $225,000. Finally, Strategic Financial Concepts LLC acquired a new position in VanEck Short Muni ETF during the fourth quarter worth about $246,000.
VanEck Short Muni ETF Trading Up 0.2 %
SMB stock opened at $17.11 on Thursday. VanEck Short Muni ETF has a 12 month low of $16.85 and a 12 month high of $17.29. The firm has a 50-day moving average of $17.17 and a two-hundred day moving average of $17.17.
VanEck Short Muni ETF Company 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.
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