Blake Schutter Theil Wealth Advisors LLC Buys Shares of 41,000 VanEck Short High Yield Muni ETF (BATS:SHYD)

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in VanEck Short High Yield Muni ETF (BATS:SHYD) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 41,000 shares of the company’s stock, valued at approximately $932,000.

A number of other hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in VanEck Short High Yield Muni ETF by 19.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,342,844 shares of the company’s stock valued at $30,039,000 after buying an additional 221,303 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of VanEck Short High Yield Muni ETF by 20.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,248,996 shares of the company’s stock worth $27,940,000 after purchasing an additional 213,195 shares during the period. Pure Portfolios Holdings LLC purchased a new position in shares of VanEck Short High Yield Muni ETF during the 3rd quarter worth approximately $1,166,000. Sanctuary Advisors LLC acquired a new stake in VanEck Short High Yield Muni ETF in the 2nd quarter valued at approximately $982,000. Finally, Cetera Investment Advisers raised its position in VanEck Short High Yield Muni ETF by 62.2% in the first quarter. Cetera Investment Advisers now owns 83,843 shares of the company’s stock valued at $1,879,000 after purchasing an additional 32,150 shares during the period.

VanEck Short High Yield Muni ETF Stock Down 0.6 %

SHYD opened at $22.50 on Thursday. The stock’s 50 day moving average price is $22.65 and its two-hundred day moving average price is $22.44.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.0585 per share. The ex-dividend date 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.