Savant Capital LLC Acquires New Position in VanEck Short Muni ETF $SMB

Savant Capital LLC purchased a new stake in shares of VanEck Short Muni ETF (BATS:SMB) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 328,291 shares of the company’s stock, valued at approximately $5,719,000.

Several other institutional investors have also made changes to their positions in SMB. Guerra Advisors Inc bought a new stake in shares of VanEck Short Muni ETF in the 3rd quarter valued at approximately $46,000. Jones Financial Companies Lllp grew its position in VanEck Short Muni ETF by 58.3% in the third quarter. Jones Financial Companies Lllp now owns 41,479 shares of the company’s stock worth $722,000 after acquiring an additional 15,269 shares in the last quarter. AE Wealth Management LLC increased its position in VanEck Short Muni ETF by 359.7% during the third quarter. AE Wealth Management LLC now owns 2,501 shares of the company’s stock worth $44,000 after buying an additional 1,957 shares during the last quarter. Truist Financial Corp bought a new position in shares of VanEck Short Muni ETF in the 3rd quarter valued at approximately $236,000. Finally, FAS Wealth Partners Inc. lifted its holdings in VanEck Short Muni ETF by 6.8% in the 3rd quarter. FAS Wealth Partners Inc. now owns 42,561 shares of the company’s stock worth $741,000 after purchasing an additional 2,725 shares during the last quarter.

VanEck Short Muni ETF Stock Up 0.1%

Shares of VanEck Short Muni ETF stock opened at $17.42 on Friday. VanEck Short Muni ETF has a 12-month low of $16.70 and a 12-month high of $17.29. The stock has a 50 day moving average price of $17.39 and a two-hundred day moving average price of $17.37.

VanEck Short Muni ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.0398 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 2.7%.

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.