Janney Montgomery Scott LLC Makes New $2.52 Million Investment in VanEck Short Muni ETF $SMB

Janney Montgomery Scott LLC acquired a new stake in VanEck Short Muni ETF (BATS:SMB) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 145,836 shares of the company’s stock, valued at approximately $2,523,000. Janney Montgomery Scott LLC owned approximately 0.91% of VanEck Short Muni ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMB. Westside Investment Management Inc. boosted its holdings in shares of VanEck Short Muni ETF by 0.9% during the 4th quarter. Westside Investment Management Inc. now owns 68,524 shares of the company’s stock worth $1,193,000 after buying an additional 609 shares during the period. Gradient Investments LLC lifted its position in VanEck Short Muni ETF by 0.9% during the 4th quarter. Gradient Investments LLC now owns 132,542 shares of the company’s stock worth $2,308,000 after acquiring an additional 1,140 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in 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. Capital Asset Advisory Services LLC grew its position in shares of VanEck Short Muni ETF by 10.9% in the fourth quarter. Capital Asset Advisory Services LLC now owns 19,400 shares of the company’s stock valued at $337,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in shares of VanEck Short Muni ETF by 10.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 19,400 shares of the company’s stock worth $338,000 after purchasing an additional 1,900 shares during the period.

VanEck Short Muni ETF Stock Performance

Shares of BATS:SMB opened at $17.29 on Thursday. The business has a 50 day moving average price of $17.30 and a 200 day moving average price of $17.36. VanEck Short Muni ETF has a twelve month low of $17.21 and a twelve month high of $17.53.

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.