Foster & Motley Inc. Invests $288,000 in VanEck Short High Yield Muni ETF (BATS:SHYD)

Foster & Motley Inc. acquired a new position in VanEck Short High Yield Muni ETF (BATS:SHYD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,030 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors have also recently modified their holdings of SHYD. Kades & Cheifetz LLC boosted its position in shares of VanEck Short High Yield Muni ETF by 0.7% in the 3rd quarter. Kades & Cheifetz LLC now owns 88,380 shares of the company’s stock valued at $1,911,000 after purchasing an additional 572 shares during the period. MBM Wealth Consultants LLC boosted its position in shares of VanEck Short High Yield Muni ETF by 5.0% in the 4th quarter. MBM Wealth Consultants LLC now owns 14,092 shares of the company’s stock valued at $312,000 after purchasing an additional 667 shares during the period. Global Retirement Partners LLC boosted its position in shares of VanEck Short High Yield Muni ETF by 52.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,991 shares of the company’s stock valued at $44,000 after purchasing an additional 689 shares during the period. Great Valley Advisor Group Inc. boosted its position in shares of VanEck Short High Yield Muni ETF by 4.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 24,468 shares of the company’s stock valued at $529,000 after purchasing an additional 1,086 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of VanEck Short High Yield Muni ETF by 270.6% in the 3rd quarter. Private Trust Co. NA now owns 1,853 shares of the company’s stock valued at $40,000 after purchasing an additional 1,353 shares during the period.

VanEck Short High Yield Muni ETF Stock Down 0.0 %

SHYD opened at $22.17 on Thursday. The firm’s 50 day moving average is $22.24 and its 200 day moving average is $22.00.

VanEck Short High Yield Muni ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.0663 per share. This is an increase from VanEck Short High Yield Muni ETF’s previous dividend of $0.06. The ex-dividend date was Monday, April 1st.

VanEck Short High Yield Muni ETF Company 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.