Allen Capital Group LLC Sells 2,250 Shares of VanEck Short High Yield Muni ETF (BATS:SHYD)

Allen Capital Group LLC lessened its holdings in VanEck Short High Yield Muni ETF (BATS:SHYD) by 10.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,308 shares of the company’s stock after selling 2,250 shares during the quarter. Allen Capital Group LLC’s holdings in VanEck Short High Yield Muni ETF were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SHYD. Envestnet Asset Management Inc. boosted its stake in shares of VanEck Short High Yield Muni ETF by 19.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,342,844 shares of the company’s stock valued at $30,039,000 after purchasing an additional 221,303 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of VanEck Short High Yield Muni ETF by 20.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,248,996 shares of the company’s stock valued at $27,940,000 after purchasing an additional 213,195 shares during the last quarter. Pure Portfolios Holdings LLC bought a new position in shares of VanEck Short High Yield Muni ETF in the 3rd quarter valued at about $1,166,000. Sanctuary Advisors LLC bought a new position in shares of VanEck Short High Yield Muni ETF in the 2nd quarter valued at about $982,000. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of VanEck Short High Yield Muni ETF in the 3rd quarter valued at about $932,000.

VanEck Short High Yield Muni ETF Stock Performance

Shares of BATS SHYD opened at $22.76 on Friday. The company has a 50-day simple moving average of $22.67 and a 200-day simple moving average of $22.47.

VanEck Short High Yield Muni ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.0585 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.