Kestra Private Wealth Services LLC Sells 4,198 Shares of VanEck Short High Yield Muni ETF (BATS:SHYD)

Kestra Private Wealth Services LLC decreased its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 24.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,808 shares of the company’s stock after selling 4,198 shares during the quarter. Kestra Private Wealth Services LLC owned 0.07% of VanEck Short High Yield Muni ETF worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fragasso Group Inc. purchased a new position in VanEck Short High Yield Muni ETF during the 4th quarter valued at $9,506,000. LPL Financial LLC grew its holdings in shares of VanEck Short High Yield Muni ETF by 65.6% in the third quarter. LPL Financial LLC now owns 514,680 shares of the company’s stock worth $11,127,000 after purchasing an additional 203,870 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in VanEck Short High Yield Muni ETF by 25.6% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 767,993 shares of the company’s stock worth $16,604,000 after buying an additional 156,344 shares during the period. Sowell Financial Services LLC increased its stake in VanEck Short High Yield Muni ETF by 617.4% in the 3rd quarter. Sowell Financial Services LLC now owns 94,696 shares of the company’s stock worth $2,047,000 after buying an additional 81,496 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in VanEck Short High Yield Muni ETF by 10.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 856,244 shares of the company’s stock valued at $18,512,000 after buying an additional 77,923 shares in the last quarter.

VanEck Short High Yield Muni ETF Stock Performance

Shares of SHYD stock opened at $22.40 on Thursday. The stock has a 50 day moving average of $22.26 and a 200-day moving average of $22.05.

VanEck Short High Yield Muni ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.0663 dividend. The ex-dividend date was Monday, April 1st. This is a boost from VanEck Short High Yield Muni ETF’s previous dividend of $0.06.

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.