Garden State Investment Advisory Services LLC Makes New $1.03 Million Investment in VanEck Short High Yield Muni ETF (BATS:SHYD)

Garden State Investment Advisory Services LLC bought a new stake in VanEck Short High Yield Muni ETF (BATS:SHYD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,350 shares of the company’s stock, valued at approximately $1,030,000. Garden State Investment Advisory Services LLC owned approximately 0.31% of VanEck Short High Yield Muni ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cetera Investment Advisers raised its position in shares of VanEck Short High Yield Muni ETF by 62.2% during the 1st quarter. Cetera Investment Advisers now owns 83,843 shares of the company’s stock valued at $1,879,000 after buying an additional 32,150 shares during the period. Cetera Advisors LLC acquired a new stake in VanEck Short High Yield Muni ETF during the first quarter worth $553,000. CWM LLC purchased a new stake in VanEck Short High Yield Muni ETF in the second quarter valued at $30,000. Dynamic Advisor Solutions LLC lifted its stake in shares of VanEck Short High Yield Muni ETF by 4.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 47,109 shares of the company’s stock valued at $1,054,000 after purchasing an additional 2,150 shares during the last quarter. Finally, Roman Butler Fullerton & Co. purchased a new position in shares of VanEck Short High Yield Muni ETF during the 2nd quarter worth $384,000.

VanEck Short High Yield Muni ETF Price Performance

Shares of BATS:SHYD opened at $22.76 on Monday. The business’s 50-day simple moving average is $22.69 and its 200-day simple moving average is $22.49.

About VanEck Short High Yield Muni ETF

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.