Concurrent Investment Advisors LLC Grows Position in VanEck Short High Yield Muni ETF (BATS:SHYD)

Concurrent Investment Advisors LLC lifted its stake in VanEck Short High Yield Muni ETF (BATS:SHYD) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,929 shares of the company’s stock after purchasing an additional 690 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in VanEck Short High Yield Muni ETF were worth $695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management purchased a new position in shares of VanEck Short High Yield Muni ETF in the 4th quarter worth approximately $25,000. Johnson Bixby & Associates LLC purchased a new position in shares of VanEck Short High Yield Muni ETF in the 4th quarter worth approximately $213,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of VanEck Short High Yield Muni ETF in the 3rd quarter worth approximately $236,000. Bleakley Financial Group LLC purchased a new position in shares of VanEck Short High Yield Muni ETF in the 4th quarter worth approximately $243,000. Finally, BCS Wealth Management boosted its holdings in shares of VanEck Short High Yield Muni ETF by 15.7% in the 4th quarter. BCS Wealth Management now owns 11,383 shares of the company’s stock worth $256,000 after purchasing an additional 1,548 shares during the period.

VanEck Short High Yield Muni ETF Price Performance

Shares of VanEck Short High Yield Muni ETF stock opened at $22.78 on Monday. The business has a 50 day moving average of $22.62 and a 200 day moving average of $22.62.

VanEck Short High Yield Muni ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.0747 per share. This is a positive change from VanEck Short High Yield Muni ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Monday, February 3rd.

VanEck Short High Yield Muni ETF Company 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.