VanEck Short High Yield Muni ETF $SHYD Position Increased by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC boosted its stake in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 233.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,761 shares of the company’s stock after purchasing an additional 4,033 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in VanEck Short High Yield Muni ETF were worth $130,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Analysts LLC increased its position in VanEck Short High Yield Muni ETF by 230.9% in the first quarter. Capital Analysts LLC now owns 4,818 shares of the company’s stock worth $108,000 after buying an additional 3,362 shares during the period. Pure Financial Advisors LLC acquired a new stake in shares of VanEck Short High Yield Muni ETF in the 2nd quarter worth about $260,000. Fortis Capital Advisors LLC bought a new stake in VanEck Short High Yield Muni ETF in the 1st quarter valued at about $309,000. Richard P Slaughter Associates Inc bought a new stake in VanEck Short High Yield Muni ETF in the 2nd quarter valued at about $341,000. Finally, Avantax Advisory Services Inc. boosted its stake in VanEck Short High Yield Muni ETF by 38.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 15,963 shares of the company’s stock valued at $359,000 after purchasing an additional 4,420 shares during the period.

VanEck Short High Yield Muni ETF Stock Performance

Shares of BATS:SHYD opened at $22.78 on Friday. The firm’s 50 day moving average is $22.83 and its two-hundred day moving average is $22.59. VanEck Short High Yield Muni ETF has a 52 week low of $21.68 and a 52 week high of $23.84.

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.