Allworth Financial LP lowered its position in shares of VanEck Short Muni ETF (BATS:SMB – Free Report) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,277,664 shares of the company’s stock after selling 97,346 shares during the quarter. Allworth Financial LP owned about 14.28% of VanEck Short Muni ETF worth $39,549,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new position in VanEck Short Muni ETF during the fourth quarter worth about $2,733,000. Stronghold Wealth Management L.L.C. bought a new position in VanEck Short Muni ETF during the 4th quarter worth $522,000. Fifth Third Bancorp acquired a new position in VanEck Short Muni ETF in the 1st quarter valued at $802,000. Janney Montgomery Scott LLC bought a new stake in shares of VanEck Short Muni ETF during the 1st quarter valued at $2,523,000. Finally, NewEdge Advisors LLC bought a new stake in shares of VanEck Short Muni ETF during the 1st quarter valued at $661,000.
VanEck Short Muni ETF Stock Performance
Shares of SMB traded up $0.01 during trading hours on Tuesday, hitting $17.14. 64,448 shares of the company were exchanged, compared to its average volume of 80,742. VanEck Short Muni ETF has a fifty-two week low of $17.12 and a fifty-two week high of $17.53. The firm’s fifty day moving average is $17.24 and its 200 day moving average is $17.30.
VanEck Short Muni ETF Company 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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