Fifth Third Bancorp Invests $802,000 in VanEck Short Muni ETF $SMB

Fifth Third Bancorp purchased a new stake in shares of VanEck Short Muni ETF (BATS:SMB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 46,386 shares of the company’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in VanEck Short Muni ETF in the fourth quarter worth about $43,000. Karpus Management Inc. purchased a new position in VanEck Short Muni ETF during the 4th quarter valued at about $61,000. Kestra Advisory Services LLC purchased a new position in VanEck Short Muni ETF during the 4th quarter valued at about $95,000. Golden State Wealth Management LLC raised its holdings in shares of VanEck Short Muni ETF by 60.7% in the 4th quarter. Golden State Wealth Management LLC now owns 8,414 shares of the company’s stock valued at $146,000 after purchasing an additional 3,178 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of VanEck Short Muni ETF in the 4th quarter valued at about $149,000.

VanEck Short Muni ETF Stock Up 0.1%

Shares of SMB opened at $17.25 on Tuesday. The company has a 50 day moving average price of $17.30 and a 200-day moving average price of $17.34. VanEck Short Muni ETF has a fifty-two week low of $17.18 and a fifty-two week high of $17.53.

VanEck Short Muni ETF Company Profile

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.