Raymond James Financial Services Advisors Inc. Sells 30,899 Shares of VanEck Short High Yield Muni ETF (BATS:SHYD)

Raymond James Financial Services Advisors Inc. reduced its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYD – Get Rating) by 25.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,190 shares of the company’s stock after selling 30,899 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in VanEck Short High Yield Muni ETF were worth $1,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Macroview Investment Management LLC bought a new stake in VanEck Short High Yield Muni ETF in the 4th quarter worth about $151,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of VanEck Short High Yield Muni ETF by 269.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 34,339 shares of the company’s stock worth $765,000 after buying an additional 25,037 shares in the last quarter. Allworth Financial LP boosted its holdings in VanEck Short High Yield Muni ETF by 68.1% in the 4th quarter. Allworth Financial LP now owns 132,493 shares of the company’s stock valued at $2,951,000 after purchasing an additional 53,669 shares during the period. Merit Financial Group LLC bought a new stake in VanEck Short High Yield Muni ETF during the fourth quarter valued at $479,000. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of VanEck Short High Yield Muni ETF by 225.1% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 162,714 shares of the company’s stock worth $3,624,000 after purchasing an additional 112,666 shares in the last quarter.

VanEck Short High Yield Muni ETF Price Performance

Shares of SHYD stock opened at $21.88 on Thursday. The business’s 50-day moving average price is $22.31 and its 200-day moving average price is $22.30.

About VanEck Short High Yield Muni ETF

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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.