NewEdge Advisors LLC bought a new stake in shares of VanEck Short Muni ETF (BATS:SMB – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 38,236 shares of the company’s stock, valued at approximately $661,000. NewEdge Advisors LLC owned approximately 0.24% of VanEck Short Muni ETF at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC bought a new stake in shares of VanEck Short Muni ETF during the fourth quarter valued at about $2,733,000. Allworth Financial LP grew its position in VanEck Short Muni ETF by 7.6% in the 4th quarter. Allworth Financial LP now owns 2,165,925 shares of the company’s stock valued at $37,709,000 after buying an additional 152,768 shares in the last quarter. Stronghold Wealth Management L.L.C. bought a new position in VanEck Short Muni ETF in the 4th quarter valued at about $522,000. Fifth Third Bancorp acquired a new position in VanEck Short Muni ETF during the 1st quarter valued at about $802,000. Finally, Janney Montgomery Scott LLC acquired a new position in VanEck Short Muni ETF during the 1st quarter valued at about $2,523,000.
VanEck Short Muni ETF Stock Performance
SMB stock opened at $17.23 on Friday. The firm’s 50-day moving average is $17.28 and its two-hundred day moving average is $17.32. VanEck Short Muni ETF has a 52 week low of $17.18 and a 52 week high of $17.53.
VanEck Short Muni ETF 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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