VanEck Short Muni ETF (BATS:SMB) Stock Falls 0.2% – Here’s Why

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

VanEck Short Muni ETF Price Performance

The business has a 50-day moving average of $17.07 and a 200-day moving average of $17.26.

Institutional Investors Weigh In On VanEck Short Muni ETF

Large investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new position in shares of VanEck Short Muni ETF during the second quarter worth about $53,000. PCG Wealth Advisors LLC acquired a new position in VanEck Short Muni ETF in the 2nd quarter valued at about $121,000. Cherry Tree Wealth Management LLC increased its position in VanEck Short Muni ETF by 36.8% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 9,791 shares of the company’s stock valued at $170,000 after acquiring an additional 2,635 shares during the period. RFG Advisory LLC purchased a new stake in VanEck Short Muni ETF during the 2nd quarter valued at approximately $245,000. Finally, Private Client Services LLC purchased a new stake in VanEck Short Muni ETF during the 3rd quarter valued at approximately $239,000.

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.