Independent Financial Group LLC Makes New Investment in VanEck Short Muni ETF $SMB

Independent Financial Group LLC acquired a new position in VanEck Short Muni ETF (BATS:SMB) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 44,477 shares of the company’s stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Westside Investment Management Inc. boosted its position in shares of VanEck Short Muni ETF by 0.9% during the 4th quarter. Westside Investment Management Inc. now owns 68,524 shares of the company’s stock valued at $1,193,000 after purchasing an additional 609 shares in the last quarter. Gradient Investments LLC increased its holdings in VanEck Short Muni ETF by 0.9% in the fourth quarter. Gradient Investments LLC now owns 132,542 shares of the company’s stock worth $2,308,000 after purchasing an additional 1,140 shares in the last quarter. Susquehanna International Group LLP increased its holdings in VanEck Short Muni ETF by 11.1% in the third quarter. Susquehanna International Group LLP now owns 11,918 shares of the company’s stock worth $208,000 after purchasing an additional 1,192 shares in the last quarter. Capital Asset Advisory Services LLC lifted its stake in VanEck Short Muni ETF by 10.9% in the fourth quarter. Capital Asset Advisory Services LLC now owns 19,400 shares of the company’s stock valued at $337,000 after buying an additional 1,900 shares during the period. Finally, Axxcess Wealth Management LLC lifted its stake in VanEck Short Muni ETF by 10.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 19,400 shares of the company’s stock valued at $338,000 after buying an additional 1,900 shares during the period.

VanEck Short Muni ETF Stock Performance

VanEck Short Muni ETF stock opened at $17.26 on Wednesday. VanEck Short Muni ETF has a 52-week low of $17.21 and a 52-week high of $17.53. The stock’s 50 day moving average price is $17.30 and its two-hundred day moving average price is $17.35.

VanEck Short Muni ETF 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.