VanEck Short Muni ETF (BATS:SMB) Stock Falls 0.2% – Time to Sell?

VanEck Short Muni ETF (BATS:SMB)’s share price fell 0.2% during mid-day trading on Thursday. The company traded as low as $17.18 and last traded at $17.19. Approximately 269,690 shares were traded during trading, an increase of 114% from the average session volume of 125,829 shares. The stock had previously closed at $17.23.

VanEck Short Muni ETF Price Performance

The company’s 50-day simple moving average is $17.07 and its 200 day simple moving average is $17.26.

Institutional Trading of VanEck Short Muni ETF

Hedge funds have recently modified their holdings of the stock. IMPACTfolio LLC lifted its position in shares of VanEck Short Muni ETF by 0.9% during the 2nd quarter. IMPACTfolio LLC now owns 174,525 shares of the company’s stock worth $3,028,000 after purchasing an additional 1,601 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in VanEck Short Muni ETF in the first quarter valued at $2,523,000. Gradient Investments LLC purchased a new position in VanEck Short Muni ETF in the third quarter valued at $2,267,000. Ascent Group LLC increased its holdings in VanEck Short Muni ETF by 70.6% in the third quarter. Ascent Group LLC now owns 111,478 shares of the company’s stock valued at $1,886,000 after buying an additional 46,129 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in VanEck Short Muni ETF by 47.6% in the second quarter. Integrated Wealth Concepts LLC now owns 65,073 shares of the company’s stock valued at $1,129,000 after buying an additional 20,994 shares in the last quarter.

About VanEck Short Muni ETF

The VanEck Short Muni ETF (SMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 1-6 years. SMB was launched on Feb 22, 2008 and is managed by VanEck.