Diversify Wealth Management LLC Purchases Shares of 41,500 VanEck Short High Yield Muni ETF $SHYD

Diversify Wealth Management LLC purchased a new position in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 41,500 shares of the company’s stock, valued at approximately $941,000. Diversify Wealth Management LLC owned about 0.28% of VanEck Short High Yield Muni ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of VanEck Short High Yield Muni ETF by 1.9% during the 3rd quarter. Private Advisor Group LLC now owns 27,070 shares of the company’s stock valued at $620,000 after buying an additional 497 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in VanEck Short High Yield Muni ETF by 1.2% in the fourth quarter. Diversify Advisory Services LLC now owns 43,502 shares of the company’s stock worth $1,001,000 after buying an additional 522 shares in the last quarter. Janney Montgomery Scott LLC grew its position in VanEck Short High Yield Muni ETF by 5.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,694 shares of the company’s stock valued at $222,000 after acquiring an additional 530 shares during the last quarter. Allworth Financial LP grew its position in VanEck Short High Yield Muni ETF by 34.6% during the third quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock valued at $50,000 after acquiring an additional 559 shares during the last quarter. Finally, Signet Financial Management LLC raised its stake in shares of VanEck Short High Yield Muni ETF by 7.2% during the fourth quarter. Signet Financial Management LLC now owns 10,825 shares of the company’s stock worth $248,000 after acquiring an additional 727 shares in the last quarter.

VanEck Short High Yield Muni ETF Stock Performance

Shares of SHYD opened at $22.77 on Friday. VanEck Short High Yield Muni ETF has a fifty-two week low of $22.31 and a fifty-two week high of $24.03. The firm has a 50 day moving average price of $22.77 and a 200-day moving average price of $22.83.

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.