McAdam LLC Sells 8,943 Shares of VanEck Short High Yield Muni ETF (BATS:SHYD)

McAdam LLC lowered its holdings in VanEck Short High Yield Muni ETF (BATS:SHYD) by 20.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,442 shares of the company’s stock after selling 8,943 shares during the quarter. McAdam LLC owned 0.25% of VanEck Short High Yield Muni ETF worth $793,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. RMR Wealth Builders grew its position in VanEck Short High Yield Muni ETF by 13.8% in the second quarter. RMR Wealth Builders now owns 33,182 shares of the company’s stock valued at $742,000 after acquiring an additional 4,013 shares during the period. Roman Butler Fullerton & Co. bought a new stake in shares of VanEck Short High Yield Muni ETF in the 2nd quarter worth about $384,000. Dynamic Advisor Solutions LLC grew its holdings in shares of VanEck Short High Yield Muni ETF by 4.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 47,109 shares of the company’s stock worth $1,054,000 after purchasing an additional 2,150 shares during the last quarter. CWM LLC bought a new position in VanEck Short High Yield Muni ETF during the 2nd quarter valued at about $30,000. Finally, Cetera Advisors LLC acquired a new position in VanEck Short High Yield Muni ETF in the first quarter valued at about $553,000.

VanEck Short High Yield Muni ETF Trading Up 0.2 %

Shares of VanEck Short High Yield Muni ETF stock opened at $22.46 on Friday. The business’s fifty day moving average price is $22.39 and its 200-day moving average price is $22.29.

VanEck Short High Yield Muni ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were given a dividend of $0.0621 per share. The ex-dividend date was Monday, July 1st. This is a positive change from VanEck Short High Yield Muni ETF’s previous dividend of $0.06.

About VanEck Short High Yield Muni ETF

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.