Kades & Cheifetz LLC Sells 977 Shares of VanEck Short High Yield Muni ETF (BATS:SHYD)

Kades & Cheifetz LLC cut its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 71,252 shares of the company’s stock after selling 977 shares during the quarter. Kades & Cheifetz LLC’s holdings in VanEck Short High Yield Muni ETF were worth $1,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of VanEck Short High Yield Muni ETF in the second quarter worth $45,000. BCS Wealth Management acquired a new stake in shares of VanEck Short High Yield Muni ETF in the third quarter valued at about $223,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of VanEck Short High Yield Muni ETF during the third quarter worth about $236,000. MML Investors Services LLC lifted its stake in shares of VanEck Short High Yield Muni ETF by 6.6% in the third quarter. MML Investors Services LLC now owns 12,013 shares of the company’s stock worth $273,000 after acquiring an additional 744 shares during the period. Finally, Core Wealth Partners LLC bought a new stake in VanEck Short High Yield Muni ETF in the third quarter valued at approximately $372,000.

VanEck Short High Yield Muni ETF Stock Performance

BATS:SHYD traded down $0.01 on Monday, reaching $22.52. 116,117 shares of the stock traded hands. The firm has a fifty day moving average of $22.63 and a 200 day moving average of $22.57.

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.