TRU Independence Asset Management 2 LLC bought a new position in VanEck Vectors Short Muni ETF (NYSEARCA:SMB) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,440 shares of the company’s stock, valued at approximately $26,000.
Several other institutional investors and hedge funds have also recently modified their holdings of SMB. Morgan Stanley lifted its holdings in shares of VanEck Vectors Short Muni ETF by 5.1% in the 3rd quarter. Morgan Stanley now owns 426,774 shares of the company’s stock worth $7,703,000 after purchasing an additional 20,581 shares in the last quarter. MidWestOne Financial Group Inc. bought a new position in shares of VanEck Vectors Short Muni ETF in the 3rd quarter worth $1,640,000. Rehmann Capital Advisory Group lifted its holdings in shares of VanEck Vectors Short Muni ETF by 423.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 77,515 shares of the company’s stock worth $1,399,000 after purchasing an additional 62,699 shares in the last quarter. EisnerAmper Wealth Management Corporate Benefits LLC bought a new position in VanEck Vectors Short Muni ETF during the 4th quarter valued at $4,935,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in VanEck Vectors Short Muni ETF by 61.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 37,589 shares of the company’s stock valued at $681,000 after acquiring an additional 14,257 shares in the last quarter.
Shares of NYSEARCA:SMB opened at $18.02 on Thursday. The stock’s fifty day simple moving average is $18.03 and its two-hundred day simple moving average is $18.07. VanEck Vectors Short Muni ETF has a 1-year low of $17.47 and a 1-year high of $18.21.
Market Vectors Short Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Short Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 1 to 6 years.
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