Condor Capital Management Purchases 6,882 Shares of VanEck Short Muni ETF (BATS:SMB)

Condor Capital Management increased its position in shares of VanEck Short Muni ETF (BATS:SMB) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,433 shares of the company’s stock after purchasing an additional 6,882 shares during the period. Condor Capital Management’s holdings in VanEck Short Muni ETF were worth $3,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Providence First Trust Co bought a new stake in shares of VanEck Short Muni ETF during the fourth quarter valued at approximately $48,000. ST Germain D J Co. Inc. bought a new stake in shares of VanEck Short Muni ETF during the fourth quarter valued at approximately $91,000. Golden State Wealth Management LLC bought a new stake in shares of VanEck Short Muni ETF during the fourth quarter valued at approximately $133,000. Atria Wealth Solutions Inc. bought a new stake in shares of VanEck Short Muni ETF during the fourth quarter valued at approximately $225,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of VanEck Short Muni ETF during the fourth quarter valued at approximately $246,000.

VanEck Short Muni ETF Stock Performance

SMB opened at $17.17 on Thursday. The stock’s 50 day simple moving average is $17.16 and its 200-day simple moving average is $17.18. VanEck Short Muni ETF has a 1 year low of $16.85 and a 1 year high of $17.29.

About VanEck Short Muni ETF

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.