Tortoise Investment Management LLC Reduces Position in VanEck Short High Yield Muni ETF (BATS:SHYD)

Tortoise Investment Management LLC lessened its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYDFree Report) by 38.7% during the 4th quarter, HoldingsChannel reports. The fund owned 15,967 shares of the company’s stock after selling 10,100 shares during the quarter. Tortoise Investment Management LLC’s holdings in VanEck Short High Yield Muni ETF were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of SHYD. Kestra Advisory Services LLC boosted its stake in shares of VanEck Short High Yield Muni ETF by 83.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 29,606 shares of the company’s stock worth $640,000 after acquiring an additional 13,499 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of VanEck Short High Yield Muni ETF during the 3rd quarter worth $508,000. Envestnet Asset Management Inc. boosted its stake in shares of 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 worth $18,512,000 after acquiring an additional 77,923 shares during the last quarter. LPL Financial LLC boosted its stake in shares of VanEck Short High Yield Muni ETF by 65.6% during the 3rd quarter. LPL Financial LLC now owns 514,680 shares of the company’s stock worth $11,127,000 after acquiring an additional 203,870 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of VanEck Short High Yield Muni ETF by 25.6% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 767,993 shares of the company’s stock worth $16,604,000 after acquiring an additional 156,344 shares during the last quarter.

VanEck Short High Yield Muni ETF Price Performance

Shares of SHYD stock traded down $0.03 on Friday, hitting $22.26. 34,700 shares of the stock traded hands. The business has a 50 day moving average price of $22.22 and a 200 day moving average price of $22.17.

VanEck Short High Yield Muni ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, June 3rd were given a dividend of $0.059 per share. The ex-dividend date of this dividend was Monday, June 3rd.

VanEck Short High Yield Muni ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SHYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Short High Yield Muni ETF (BATS:SHYDFree Report).

Institutional Ownership by Quarter for VanEck Short High Yield Muni ETF (BATS:SHYD)

Receive News & Ratings for VanEck Short High Yield Muni ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Short High Yield Muni ETF and related companies with MarketBeat.com's FREE daily email newsletter.