CIBC Private Wealth Group LLC Sells 11,187 Shares of VanEck Short High Yield Muni ETF (BATS:SHYD)

CIBC Private Wealth Group LLC cut its holdings in VanEck Short High Yield Muni ETF (BATS:SHYD) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,114 shares of the company’s stock after selling 11,187 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.26% of VanEck Short High Yield Muni ETF worth $836,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of VanEck Short High Yield Muni ETF by 2.7% in the 3rd quarter. HighTower Advisors LLC now owns 17,211 shares of the company’s stock valued at $391,000 after acquiring an additional 457 shares during the period. Stifel Financial Corp boosted its position in VanEck Short High Yield Muni ETF by 39.6% during the third quarter. Stifel Financial Corp now owns 25,513 shares of the company’s stock valued at $580,000 after purchasing an additional 7,238 shares in the last quarter. MML Investors Services LLC grew its stake in 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 valued at $273,000 after purchasing an additional 744 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in VanEck Short High Yield Muni ETF by 5.2% in the third quarter. Sanctuary Advisors LLC now owns 46,527 shares of the company’s stock worth $1,059,000 after purchasing an additional 2,291 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC purchased a new stake in shares of VanEck Short High Yield Muni ETF during the third quarter valued at about $1,030,000.

VanEck Short High Yield Muni ETF Stock Performance

The stock has a 50-day moving average price of $22.70 and a 200 day moving average price of $22.66. VanEck Short High Yield Muni ETF has a 12-month low of $22.05 and a 12-month high of $23.84.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.0521 dividend. The ex-dividend date was Monday, March 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.