Cetera Investment Advisers Has $4.17 Million Stock Position in VanEck Short High Yield Muni ETF $SHYD

Cetera Investment Advisers increased its stake in VanEck Short High Yield Muni ETF (BATS:SHYD) by 27.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 184,118 shares of the company’s stock after purchasing an additional 39,496 shares during the quarter. Cetera Investment Advisers’ holdings in VanEck Short High Yield Muni ETF were worth $4,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SHYD. Mercer Global Advisors Inc. ADV lifted its stake in VanEck Short High Yield Muni ETF by 37.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,662,987 shares of the company’s stock valued at $38,082,000 after acquiring an additional 455,059 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of VanEck Short High Yield Muni ETF by 213.1% during the 2nd quarter. Raymond James Financial Inc. now owns 326,235 shares of the company’s stock worth $7,369,000 after purchasing an additional 222,045 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of VanEck Short High Yield Muni ETF by 16.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,484,974 shares of the company’s stock worth $34,021,000 after purchasing an additional 205,301 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of VanEck Short High Yield Muni ETF in the 2nd quarter valued at about $3,078,000. Finally, Bank of America Corp DE raised its holdings in shares of VanEck Short High Yield Muni ETF by 17.0% in the 3rd quarter. Bank of America Corp DE now owns 644,738 shares of the company’s stock valued at $14,764,000 after purchasing an additional 93,700 shares during the period.

VanEck Short High Yield Muni ETF Stock Performance

BATS:SHYD opened at $22.65 on Wednesday. The stock’s 50 day moving average price is $22.78 and its two-hundred day moving average price is $22.81. VanEck Short High Yield Muni ETF has a 12-month low of $22.53 and a 12-month high of $24.03.

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.