Foster & Motley Inc. Makes New Investment in VanEck Short Muni ETF (BATS:SMB)

Foster & Motley Inc. purchased a new position in VanEck Short Muni ETF (BATS:SMB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,755 shares of the company’s stock, valued at approximately $184,000. Foster & Motley Inc. owned 0.07% of VanEck Short Muni ETF at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in shares of VanEck Short Muni ETF by 82.3% during the third quarter. Global Retirement Partners LLC now owns 4,347 shares of the company’s stock valued at $72,000 after buying an additional 1,962 shares during the last quarter. CWM LLC acquired a new position in shares of VanEck Short Muni ETF during the fourth quarter valued at about $75,000. Stratos Wealth Partners LTD. acquired a new position in shares of VanEck Short Muni ETF during the third quarter valued at about $171,000. Moneta Group Investment Advisors LLC acquired a new position in shares of VanEck Short Muni ETF during the third quarter valued at about $179,000. Finally, OneAscent Financial Services LLC acquired a new position in shares of VanEck Short Muni ETF during the fourth quarter valued at about $190,000.

VanEck Short Muni ETF Stock Performance

SMB opened at $16.97 on Friday. The firm’s fifty day moving average price is $17.01 and its 200-day moving average price is $16.97.

VanEck Short Muni ETF Profile

The VanEck Short Muni ETF (SMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 1-6 years. SMB was launched on Feb 22, 2008 and is managed by VanEck.