VanEck Short High Yield Muni ETF $SHYD Stock: Fragasso Financial Advisors Inc Boosts Position

Fragasso Financial Advisors Inc boosted its holdings in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 70.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455,973 shares of the company’s stock after acquiring an additional 188,952 shares during the period. VanEck Short High Yield Muni ETF comprises 0.5% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 22nd largest holding. Fragasso Financial Advisors Inc owned approximately 3.09% of VanEck Short High Yield Muni ETF worth $10,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rareview Capital LLC acquired a new position in shares of VanEck Short High Yield Muni ETF in the second quarter worth $562,000. Acorn Wealth Advisors LLC acquired a new stake in shares of VanEck Short High Yield Muni ETF during the second quarter valued at $1,061,000. Hamilton Wealth LLC boosted its stake in shares of VanEck Short High Yield Muni ETF by 44.6% during the fourth quarter. Hamilton Wealth LLC now owns 101,978 shares of the company’s stock valued at $2,336,000 after acquiring an additional 31,442 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of VanEck Short High Yield Muni ETF during the first quarter valued at $941,000. Finally, Tidal Investments LLC acquired a new stake in shares of VanEck Short High Yield Muni ETF during the second quarter valued at $979,000.

VanEck Short High Yield Muni ETF Trading Up 0.4%

VanEck Short High Yield Muni ETF stock traded up $0.09 during midday trading on Tuesday, reaching $22.16. 56,637 shares of the company were exchanged, compared to its average volume of 127,384. The firm’s 50-day simple moving average is $22.40 and its 200-day simple moving average is $22.61. VanEck Short High Yield Muni ETF has a 1 year low of $21.75 and a 1 year high of $24.03.

VanEck Short High Yield Muni ETF 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.