VanEck Short Muni ETF (BATS:SMB) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. cut its holdings in shares of VanEck Short Muni ETF (BATS:SMB) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,483 shares of the company’s stock after selling 3,632 shares during the quarter. Raymond James Trust N.A. owned 0.08% of VanEck Short Muni ETF worth $216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brand Asset Management Group Inc. acquired a new stake in shares of VanEck Short Muni ETF in the second quarter valued at $178,000. Fluent Financial LLC acquired a new stake in VanEck Short Muni ETF in the 3rd quarter valued at about $203,000. Kavar Capital Partners Group LLC purchased a new position in shares of VanEck Short Muni ETF in the 3rd quarter valued at about $216,000. Comerica Bank boosted its stake in shares of VanEck Short Muni ETF by 8.1% in the 1st quarter. Comerica Bank now owns 20,148 shares of the company’s stock valued at $343,000 after buying an additional 1,504 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of VanEck Short Muni ETF during the third quarter worth approximately $432,000.

VanEck Short Muni ETF Stock Performance

Shares of BATS:SMB opened at $17.22 on Friday. The company has a fifty day moving average price of $17.20 and a 200 day moving average price of $17.12.

VanEck Short Muni ETF Company 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.