VanEck Short High Yield Muni ETF (BATS:SHYD) Shares Sold by Innova Wealth Partners

Innova Wealth Partners reduced its position in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 3.6% in the 1st quarter, HoldingsChannel reports. The firm owned 17,276 shares of the company’s stock after selling 650 shares during the period. Innova Wealth Partners’ holdings in VanEck Short High Yield Muni ETF were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in VanEck Short High Yield Muni ETF by 4.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,473,244 shares of the company’s stock valued at $33,119,000 after purchasing an additional 59,016 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in VanEck Short High Yield Muni ETF by 4.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,429,931 shares of the company’s stock valued at $32,145,000 after buying an additional 65,778 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of VanEck Short High Yield Muni ETF by 38.7% in the fourth quarter. Wells Fargo & Company MN now owns 988,065 shares of the company’s stock worth $22,212,000 after buying an additional 275,522 shares during the last quarter. Bank of America Corp DE raised its stake in VanEck Short High Yield Muni ETF by 7.7% during the 4th quarter. Bank of America Corp DE now owns 443,331 shares of the company’s stock valued at $9,966,000 after purchasing an additional 31,557 shares during the last quarter. Finally, Dakota Wealth Management grew its holdings in shares of VanEck Short High Yield Muni ETF by 9.3% in the 1st quarter. Dakota Wealth Management now owns 259,779 shares of the company’s stock worth $5,842,000 after purchasing an additional 22,154 shares during the last quarter.

VanEck Short High Yield Muni ETF Price Performance

VanEck Short High Yield Muni ETF stock opened at $22.45 on Thursday. The company’s 50 day simple moving average is $22.48 and its 200 day simple moving average is $22.49. VanEck Short High Yield Muni ETF has a fifty-two week low of $21.68 and a fifty-two week high of $23.84.

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.