Waverly Advisors LLC Buys 78,255 Shares of VanEck Short High Yield Muni ETF $SHYD

Waverly Advisors LLC boosted its stake in VanEck Short High Yield Muni ETF (BATS:SHYD) by 123.1% during the 1st quarter, Holdings Channel reports. The firm owned 141,801 shares of the company’s stock after buying an additional 78,255 shares during the quarter. Waverly Advisors LLC’s holdings in VanEck Short High Yield Muni ETF were worth $3,213,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of VanEck Short High Yield Muni ETF by 10.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,833,017 shares of the company’s stock worth $41,994,000 after purchasing an additional 170,030 shares during the last quarter. Wells Fargo & Company MN grew its holdings in VanEck Short High Yield Muni ETF by 16.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,484,974 shares of the company’s stock valued at $34,021,000 after buying an additional 205,301 shares in the last quarter. Bank of America Corp DE increased its stake in VanEck Short High Yield Muni ETF by 17.0% in the 3rd quarter. Bank of America Corp DE now owns 644,738 shares of the company’s stock worth $14,764,000 after acquiring an additional 93,700 shares during the last quarter. LPL Financial LLC raised its holdings in shares of VanEck Short High Yield Muni ETF by 5.9% during the 4th quarter. LPL Financial LLC now owns 335,339 shares of the company’s stock worth $7,683,000 after acquiring an additional 18,696 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of VanEck Short High Yield Muni ETF by 213.1% during the 2nd quarter. Raymond James Financial Inc. now owns 326,235 shares of the company’s stock worth $7,369,000 after acquiring an additional 222,045 shares in the last quarter.

VanEck Short High Yield Muni ETF Price Performance

SHYD stock opened at $22.70 on Thursday. The firm has a fifty day moving average price of $22.77 and a 200 day moving average price of $22.82. VanEck Short High Yield Muni ETF has a fifty-two week low of $22.40 and a fifty-two week high of $24.03.

VanEck Short High Yield Muni ETF Company 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.