Rehmann Capital Advisory Group Cuts Position in VanEck Short Muni ETF $SMB

Rehmann Capital Advisory Group decreased its position in VanEck Short Muni ETF (BATS:SMB) by 70.5% during the second quarter, Holdings Channel reports. The firm owned 18,398 shares of the company’s stock after selling 44,056 shares during the quarter. Rehmann Capital Advisory Group’s holdings in VanEck Short Muni ETF were worth $318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its position in VanEck Short Muni ETF by 15.0% in the first quarter. Harbour Investments Inc. now owns 5,091 shares of the company’s stock valued at $87,000 after purchasing an additional 663 shares during the period. IFP Advisors Inc purchased a new stake in VanEck Short Muni ETF in the first quarter valued at approximately $137,000. Flagship Harbor Advisors LLC purchased a new stake in VanEck Short Muni ETF in the first quarter valued at approximately $191,000. Kavar Capital Partners Group LLC purchased a new stake in VanEck Short Muni ETF in the second quarter valued at approximately $216,000. Finally, Keystone Global Partners LLC purchased a new stake in VanEck Short Muni ETF in the first quarter valued at approximately $257,000.

VanEck Short Muni ETF Price Performance

Shares of BATS SMB opened at $17.37 on Friday. VanEck Short Muni ETF has a 52-week low of $16.70 and a 52-week high of $17.29. The business’s 50 day moving average is $17.38 and its two-hundred day moving average is $17.23.

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.