Prime Capital Investment Advisors LLC cut its stake in VanEck Short Muni ETF (BATS:SMB – Free Report) by 8.1% in the 3rd quarter, Holdings Channel reports. The fund owned 27,909 shares of the company’s stock after selling 2,476 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in VanEck Short Muni ETF were worth $483,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in SMB. Jane Street Group LLC grew its holdings in shares of VanEck Short Muni ETF by 146.9% in the first quarter. Jane Street Group LLC now owns 1,356,703 shares of the company’s stock worth $23,091,000 after purchasing an additional 807,253 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of VanEck Short Muni ETF by 14.8% during the third quarter. Allworth Financial LP now owns 1,257,510 shares of the company’s stock worth $21,742,000 after purchasing an additional 161,665 shares during the period. Willis Johnson & Associates Inc. grew its stake in shares of VanEck Short Muni ETF by 1.4% in the second quarter. Willis Johnson & Associates Inc. now owns 245,333 shares of the company’s stock worth $4,171,000 after purchasing an additional 3,294 shares during the last quarter. Condor Capital Management increased its holdings in VanEck Short Muni ETF by 4.2% during the 2nd quarter. Condor Capital Management now owns 196,221 shares of the company’s stock valued at $3,336,000 after purchasing an additional 7,943 shares during the period. Finally, Sei Investments Co. lifted its holdings in VanEck Short Muni ETF by 24.1% in the 2nd quarter. Sei Investments Co. now owns 190,266 shares of the company’s stock worth $3,235,000 after buying an additional 36,903 shares during the period.
VanEck Short Muni ETF Stock Performance
SMB opened at $17.17 on Friday. The company’s 50-day simple moving average is $17.21 and its 200 day simple moving average is $17.11.
About VanEck Short Muni ETF
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.
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