HighTower Advisors LLC Has $391,000 Stock Holdings in VanEck Short High Yield Muni ETF (BATS:SHYD)

HighTower Advisors LLC grew its holdings in VanEck Short High Yield Muni ETF (BATS:SHYD) by 2.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 17,211 shares of the company’s stock after purchasing an additional 457 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck Short High Yield Muni ETF were worth $391,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew 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 acquiring an additional 221,303 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of VanEck Short High Yield Muni ETF by 20.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,248,996 shares of the company’s stock valued at $27,940,000 after purchasing an additional 213,195 shares in the last quarter. Fragasso Financial Advisors Inc grew its holdings in shares of VanEck Short High Yield Muni ETF by 1.3% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 219,053 shares of the company’s stock valued at $4,977,000 after purchasing an additional 2,728 shares during the last quarter. Truist Financial Corp increased its position in VanEck Short High Yield Muni ETF by 0.3% during the 2nd quarter. Truist Financial Corp now owns 174,915 shares of the company’s stock worth $3,913,000 after purchasing an additional 596 shares in the last quarter. Finally, First Foundation Advisors lifted its stake in VanEck Short High Yield Muni ETF by 1.6% in the 2nd quarter. First Foundation Advisors now owns 140,933 shares of the company’s stock valued at $3,153,000 after purchasing an additional 2,259 shares during the last quarter.

VanEck Short High Yield Muni ETF Stock Up 0.6 %

Shares of SHYD opened at $22.58 on Monday. The stock has a 50-day moving average price of $22.67 and a 200-day moving average price of $22.54.

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.