Valeo Financial Advisors LLC Invests $2.73 Million in VanEck Short Muni ETF $SMB

Valeo Financial Advisors LLC acquired a new position in shares of VanEck Short Muni ETF (BATS:SMB) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 157,000 shares of the company’s stock, valued at approximately $2,733,000. Valeo Financial Advisors LLC owned about 0.98% of VanEck Short Muni ETF at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SMB. International Assets Investment Management LLC bought a new stake in VanEck Short Muni ETF in the fourth quarter valued at $43,000. AE Wealth Management LLC lifted its stake in VanEck Short Muni ETF by 359.7% in the third quarter. AE Wealth Management LLC now owns 2,501 shares of the company’s stock valued at $44,000 after buying an additional 1,957 shares during the last quarter. Guerra Advisors Inc bought a new stake in VanEck Short Muni ETF in the third quarter valued at $46,000. CWM LLC lifted its stake in VanEck Short Muni ETF by 139.5% in the third quarter. CWM LLC now owns 10,500 shares of the company’s stock valued at $183,000 after buying an additional 6,116 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in VanEck Short Muni ETF in the fourth quarter valued at $191,000.

VanEck Short Muni ETF Trading Down 0.1%

SMB stock opened at $17.26 on Tuesday. VanEck Short Muni ETF has a 1 year low of $17.06 and a 1 year high of $17.53. The stock’s fifty day moving average is $17.33 and its two-hundred day moving average is $17.37.

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.