Bryn Mawr Capital Management LLC Has $314,000 Stake in VanEck Short High Yield Muni ETF (BATS:SHYD)

Bryn Mawr Capital Management LLC trimmed its holdings in VanEck Short High Yield Muni ETF (BATS:SHYD) by 11.3% in the fourth quarter, Holdings Channel reports. The fund owned 13,958 shares of the company’s stock after selling 1,783 shares during the period. Bryn Mawr Capital Management LLC’s holdings in VanEck Short High Yield Muni ETF were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHYD. Spire Wealth Management acquired a new position in VanEck Short High Yield Muni ETF in the fourth quarter valued at about $25,000. Johnson Bixby & Associates LLC acquired a new position in shares of VanEck Short High Yield Muni ETF during the fourth quarter worth about $213,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of VanEck Short High Yield Muni ETF during the third quarter worth about $236,000. Bleakley Financial Group LLC acquired a new position in shares of VanEck Short High Yield Muni ETF during the fourth quarter worth about $243,000. Finally, BCS Wealth Management boosted its position in shares of VanEck Short High Yield Muni ETF by 15.7% during the fourth quarter. BCS Wealth Management now owns 11,383 shares of the company’s stock worth $256,000 after buying an additional 1,548 shares during the period.

VanEck Short High Yield Muni ETF Stock Up 1.4 %

SHYD stock opened at $22.85 on Friday. The stock’s fifty day moving average price is $22.64 and its 200-day moving average price is $22.63.

VanEck Short High Yield Muni ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.0747 per share. This is a boost from VanEck Short High Yield Muni ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Monday, February 3rd.

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.