Burt Wealth Advisors Invests $145,000 in VanEck Vectors Short High-Yield Municipal Index ETF (SHYD)

Burt Wealth Advisors purchased a new stake in shares of VanEck Vectors Short High-Yield Municipal Index ETF (NYSEARCA:SHYD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,970 shares of the company’s stock, valued at approximately $145,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. IFP Advisors Inc increased its position in shares of VanEck Vectors Short High-Yield Municipal Index ETF by 11.4% during the third quarter. IFP Advisors Inc now owns 54,785 shares of the company’s stock valued at $1,332,000 after acquiring an additional 5,628 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of VanEck Vectors Short High-Yield Municipal Index ETF during the second quarter valued at about $306,000. Bank of America Corp DE grew its holdings in shares of VanEck Vectors Short High-Yield Municipal Index ETF by 143.4% in the second quarter. Bank of America Corp DE now owns 933,553 shares of the company’s stock valued at $22,889,000 after purchasing an additional 549,979 shares in the last quarter. Raymond James & Associates grew its holdings in shares of VanEck Vectors Short High-Yield Municipal Index ETF by 28.2% in the second quarter. Raymond James & Associates now owns 25,394 shares of the company’s stock valued at $623,000 after purchasing an additional 5,583 shares in the last quarter. Finally, BB&T Securities LLC grew its holdings in shares of VanEck Vectors Short High-Yield Municipal Index ETF by 16.9% in the second quarter. BB&T Securities LLC now owns 244,847 shares of the company’s stock valued at $6,003,000 after purchasing an additional 35,352 shares in the last quarter.

Shares of SHYD stock opened at $24.11 on Wednesday. VanEck Vectors Short High-Yield Municipal Index ETF has a fifty-two week low of $24.02 and a fifty-two week high of $25.30.

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were issued a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, October 1st.

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Institutional Ownership by Quarter for VanEck Vectors Short High-Yield Municipal Index ETF (NYSEARCA:SHYD)

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