Capital Investment Advisory Services LLC increased its stake in VanEck Vectors Short Municipal ETF (NYSEARCA:SMB) by 26.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,395 shares of the company’s stock after buying an additional 719 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in VanEck Vectors Short Municipal ETF were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SMB. Brand Asset Management Group Inc. grew its stake in VanEck Vectors Short Municipal ETF by 40.1% during the 2nd quarter. Brand Asset Management Group Inc. now owns 3,342 shares of the company’s stock valued at $59,000 after purchasing an additional 956 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of VanEck Vectors Short Municipal ETF in the 2nd quarter worth approximately $64,000. Moneta Group Investment Advisors LLC bought a new stake in shares of VanEck Vectors Short Municipal ETF in the 2nd quarter worth approximately $179,000. Doyle Wealth Management bought a new stake in shares of VanEck Vectors Short Municipal ETF in the 2nd quarter worth approximately $80,000. Finally, Westside Investment Management Inc. bought a new stake in shares of VanEck Vectors Short Municipal ETF in the 2nd quarter worth approximately $107,000.

Shares of NYSEARCA SMB opened at $17.75 on Friday. VanEck Vectors Short Municipal ETF has a 12-month low of $17.09 and a 12-month high of $17.88. The stock’s 50 day simple moving average is $17.74 and its 200 day simple moving average is $17.68.

VanEck Vectors Short Municipal ETF Profile

Market Vectors Short Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Short Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 1 to 6 years.

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Institutional Ownership by Quarter for VanEck Vectors Short Municipal ETF (NYSEARCA:SMB)

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