Bank of America Corp DE Raises Stake in VanEck Vectors Short Municipal ETF (SMB)

Bank of America Corp DE lifted its stake in VanEck Vectors Short Municipal ETF (NYSEARCA:SMB) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 960,144 shares of the company’s stock after acquiring an additional 23,765 shares during the quarter. Bank of America Corp DE owned about 0.08% of VanEck Vectors Short Municipal ETF worth $16,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC grew its position in VanEck Vectors Short Municipal ETF by 1.0% during the fourth quarter. LPL Financial LLC now owns 102,982 shares of the company’s stock valued at $1,782,000 after purchasing an additional 1,018 shares in the last quarter. CWM LLC lifted its position in VanEck Vectors Short Municipal ETF by 2,397.2% in the 4th quarter. CWM LLC now owns 2,722 shares of the company’s stock worth $47,000 after buying an additional 2,613 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of VanEck Vectors Short Municipal ETF during the 4th quarter valued at $55,000. Cardan Capital Partners LLC boosted its stake in shares of VanEck Vectors Short Municipal ETF by 4.4% during the 4th quarter. Cardan Capital Partners LLC now owns 133,215 shares of the company’s stock valued at $2,305,000 after buying an additional 5,585 shares during the period. Finally, Westside Investment Management Inc. purchased a new position in shares of VanEck Vectors Short Municipal ETF during the 4th quarter valued at $104,000.

NYSEARCA SMB opened at $17.51 on Friday. VanEck Vectors Short Municipal ETF has a 1-year low of $17.05 and a 1-year high of $17.57.

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.024 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.65%. This is a positive change from VanEck Vectors Short Municipal ETF’s previous monthly dividend of $0.02. The ex-dividend date was Monday, April 1st.

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VanEck Vectors Short Municipal ETF Company Profile

Market Vectors Short Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Short Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 1 to 6 years.

Further Reading: Dividend

Want to see what other hedge funds are holding SMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Short Municipal ETF (NYSEARCA:SMB).

Institutional Ownership by Quarter for VanEck Vectors Short Municipal ETF (NYSEARCA:SMB)

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