Cherry Tree Wealth Management LLC reduced its holdings in VanEck Short Muni ETF (BATS:SMB – Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,472 shares of the company’s stock after selling 669 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in VanEck Short Muni ETF were worth $213,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of SMB. JPMorgan Chase & Co. lifted its holdings in VanEck Short Muni ETF by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 311,121 shares of the company’s stock worth $5,379,000 after buying an additional 30,478 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in VanEck Short Muni ETF during the 4th quarter worth $246,000. Wealth Enhancement Advisory Services LLC acquired a new position in VanEck Short Muni ETF during the 3rd quarter worth $432,000. Arkadios Wealth Advisors acquired a new position in VanEck Short Muni ETF during the 4th quarter worth $467,000. Finally, MidWestOne Financial Group Inc. lifted its holdings in VanEck Short Muni ETF by 7.6% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 141,456 shares of the company’s stock worth $2,446,000 after buying an additional 9,978 shares in the last quarter.
VanEck Short Muni ETF Stock Performance
BATS:SMB opened at $17.20 on Monday. The stock’s 50-day moving average price is $17.13 and its two-hundred day moving average price is $17.18.
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.
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