Ocean Park Asset Management LLC Cuts Stake in VanEck Short High Yield Muni ETF $SHYD

Ocean Park Asset Management LLC cut its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYDFree Report) by 86.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,200 shares of the company’s stock after selling 56,800 shares during the period. Ocean Park Asset Management LLC owned 0.06% of VanEck Short High Yield Muni ETF worth $211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHYD. CoreCap Advisors LLC increased its position in VanEck Short High Yield Muni ETF by 245.7% during the 4th quarter. CoreCap Advisors LLC now owns 5,939 shares of the company’s stock valued at $136,000 after buying an additional 4,221 shares in the last quarter. Auour Investments LLC grew its stake in shares of VanEck Short High Yield Muni ETF by 11.5% during the fourth quarter. Auour Investments LLC now owns 11,021 shares of the company’s stock worth $252,000 after acquiring an additional 1,134 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of VanEck Short High Yield Muni ETF by 5.4% during the fourth quarter. DAVENPORT & Co LLC now owns 35,880 shares of the company’s stock valued at $822,000 after acquiring an additional 1,825 shares in the last quarter. Breakwater Capital Group raised its position in shares of VanEck Short High Yield Muni ETF by 5.0% in the 4th quarter. Breakwater Capital Group now owns 57,796 shares of the company’s stock valued at $1,324,000 after purchasing an additional 2,736 shares during the last quarter. Finally, Signet Financial Management LLC raised its position in shares of VanEck Short High Yield Muni ETF by 7.2% in the 4th quarter. Signet Financial Management LLC now owns 10,825 shares of the company’s stock valued at $248,000 after purchasing an additional 727 shares during the last quarter.

VanEck Short High Yield Muni ETF Price Performance

BATS:SHYD opened at $22.61 on Monday. VanEck Short High Yield Muni ETF has a twelve month low of $21.68 and a twelve month high of $24.03. The company’s 50 day moving average is $22.93 and its two-hundred day moving average is $22.89.

VanEck Short High Yield Muni ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.0602 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, March 2nd.

VanEck Short High Yield Muni ETF Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for VanEck Short High Yield Muni ETF (BATS:SHYD)

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