Truist Financial Corp Cuts Position in VanEck Short High Yield Muni ETF (BATS:SHYD)

Truist Financial Corp decreased its position in shares of VanEck Short High Yield Muni ETF (BATS:SHYD) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,930 shares of the company’s stock after selling 8,773 shares during the period. Truist Financial Corp owned 0.96% of VanEck Short High Yield Muni ETF worth $3,738,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SHYD. Dakota Wealth Management boosted its stake in shares of VanEck Short High Yield Muni ETF by 2.5% in the fourth quarter. Dakota Wealth Management now owns 147,507 shares of the company’s stock worth $3,264,000 after buying an additional 3,652 shares during the last quarter. Global Strategic Investment Solutions LLC raised its holdings in shares of VanEck Short High Yield Muni ETF by 8.9% during the 4th quarter. Global Strategic Investment Solutions LLC now owns 341,180 shares of the company’s stock worth $7,550,000 after acquiring an additional 27,947 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in VanEck Short High Yield Muni ETF in the 3rd quarter valued at about $508,000. Davidson Investment Advisors purchased a new position in VanEck Short High Yield Muni ETF in the third quarter worth approximately $70,000. Finally, LPL Financial LLC boosted its stake in VanEck Short High Yield Muni ETF by 65.6% during the third quarter. LPL Financial LLC now owns 514,680 shares of the company’s stock worth $11,127,000 after buying an additional 203,870 shares during the period.

VanEck Short High Yield Muni ETF Stock Performance

Shares of BATS SHYD opened at $22.30 on Tuesday. The firm has a 50-day moving average price of $22.25 and a 200 day moving average price of $22.04.

VanEck Short High Yield Muni ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.0663 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from VanEck Short High Yield Muni ETF’s previous dividend of $0.06.

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.