LWM Advisory Services LLC Invests $909,000 in VanEck Short Muni ETF $SMB

LWM Advisory Services LLC bought a new position in shares of VanEck Short Muni ETF (BATS:SMB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 52,187 shares of the company’s stock, valued at approximately $909,000. LWM Advisory Services LLC owned 0.33% of VanEck Short Muni ETF at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC raised its stake in VanEck Short Muni ETF by 9.0% during the third quarter. Flagship Harbor Advisors LLC now owns 12,133 shares of the company’s stock worth $211,000 after acquiring an additional 1,001 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of VanEck Short Muni ETF by 11.1% during the third quarter. Susquehanna International Group LLP now owns 11,918 shares of the company’s stock valued at $208,000 after acquiring an additional 1,192 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of VanEck Short Muni ETF by 18.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,070 shares of the company’s stock valued at $208,000 after purchasing an additional 1,890 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of VanEck Short Muni ETF by 9.6% in the 1st quarter. Jones Financial Companies Lllp now owns 22,261 shares of the company’s stock worth $382,000 after purchasing an additional 1,952 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of VanEck Short Muni ETF by 359.7% in the 3rd quarter. AE Wealth Management LLC now owns 2,501 shares of the company’s stock worth $44,000 after purchasing an additional 1,957 shares during the last quarter.

VanEck Short Muni ETF Stock Performance

Shares of VanEck Short Muni ETF stock opened at $17.40 on Wednesday. VanEck Short Muni ETF has a 12-month low of $16.70 and a 12-month high of $17.53. The company has a 50-day simple moving average of $17.42 and a 200 day simple moving average of $17.39.

VanEck Short Muni ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.0356 per share. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, March 2nd.

About VanEck Short Muni ETF

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.