Dakota Wealth Management Lowers Stake in VanEck Short High Yield Muni ETF $SHYD

Dakota Wealth Management reduced its stake in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 81.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 55,926 shares of the company’s stock after selling 242,806 shares during the quarter. Dakota Wealth Management’s holdings in VanEck Short High Yield Muni ETF were worth $1,281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in VanEck Short High Yield Muni ETF during the third quarter valued at about $38,000. AE Wealth Management LLC boosted its holdings in shares of VanEck Short High Yield Muni ETF by 5,697.1% in the 3rd quarter. AE Wealth Management LLC now owns 2,029 shares of the company’s stock worth $46,000 after purchasing an additional 1,994 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of VanEck Short High Yield Muni ETF by 34.6% in the 3rd quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock worth $50,000 after purchasing an additional 559 shares in the last quarter. Assetmark Inc. increased its position in shares of VanEck Short High Yield Muni ETF by 158.0% during the 3rd quarter. Assetmark Inc. now owns 2,822 shares of the company’s stock valued at $65,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of VanEck Short High Yield Muni ETF by 552.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,222 shares of the company’s stock valued at $120,000 after purchasing an additional 4,422 shares during the last quarter.

VanEck Short High Yield Muni ETF Price Performance

Shares of BATS SHYD opened at $22.61 on Monday. The stock’s 50-day moving average is $22.93 and its 200 day moving average is $22.89. VanEck Short High Yield Muni ETF has a 1-year low of $21.68 and a 1-year high of $24.03.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0602 per share. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, March 2nd.

About VanEck Short High Yield Muni ETF

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.