Fragasso Financial Advisors Inc Purchases 188,952 Shares of VanEck Short High Yield Muni ETF $SHYD

Fragasso Financial Advisors Inc raised its position in VanEck Short High Yield Muni ETF (BATS:SHYD) by 70.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 455,973 shares of the company’s stock after purchasing an additional 188,952 shares during the quarter. VanEck Short High Yield Muni ETF accounts for approximately 0.5% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 22nd largest holding. Fragasso Financial Advisors Inc’s holdings in VanEck Short High Yield Muni ETF were worth $10,068,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in shares of VanEck Short High Yield Muni ETF in the 2nd quarter valued at about $52,000. Allworth Financial LP grew its holdings in shares of VanEck Short High Yield Muni ETF by 182.2% during the 2nd quarter. Allworth Financial LP now owns 3,878 shares of the company’s stock worth $89,000 after purchasing an additional 2,504 shares during the period. Capital Analysts LLC grew its holdings in shares of VanEck Short High Yield Muni ETF by 117.5% during the 2nd quarter. Capital Analysts LLC now owns 6,178 shares of the company’s stock worth $141,000 after purchasing an additional 3,337 shares during the period. Compass Financial Management LLC acquired a new stake in VanEck Short High Yield Muni ETF during the 2nd quarter worth approximately $356,000. Finally, Western Wealth Management LLC acquired a new stake in VanEck Short High Yield Muni ETF during the 1st quarter worth approximately $162,000.

VanEck Short High Yield Muni ETF Trading Up 0.4%

BATS SHYD traded up $0.09 during mid-day trading on Tuesday, hitting $22.16. The company’s stock had a trading volume of 56,637 shares, compared to its average volume of 127,384. VanEck Short High Yield Muni ETF has a 52-week low of $21.75 and a 52-week high of $24.03. The stock’s fifty day simple moving average is $22.40 and its two-hundred day simple moving average is $22.61.

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.