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Investors bought shares of VanEck Vectors Short High-Yield Municipal Index ETF (NYSEARCA:SHYD) on weakness during trading hours on Friday. $9.34 million flowed into the stock on the tick-up and $0.85 million flowed out of the stock on the tick-down, for a money net flow of $8.49 million into the stock. Of all companies tracked, VanEck Vectors Short High-Yield Municipal Index ETF had the 31st highest net in-flow for the day. VanEck Vectors Short High-Yield Municipal Index ETF traded down ($0.03) for the day and closed at $24.30
The firm also recently declared a monthly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Friday, December 28th were given a dividend of $0.0685 per share. This is a boost from VanEck Vectors Short High-Yield Municipal Index ETF’s previous monthly dividend of $0.07. The ex-dividend date was Thursday, December 27th. This represents a $0.82 annualized dividend and a dividend yield of 3.38%.
Large investors have recently modified their holdings of the company. Burt Wealth Advisors bought a new position in VanEck Vectors Short High-Yield Municipal Index ETF during the 3rd quarter worth approximately $145,000. Homrich & Berg boosted its stake in VanEck Vectors Short High-Yield Municipal Index ETF by 52.5% during the 3rd quarter. Homrich & Berg now owns 14,537 shares of the company’s stock worth $353,000 after acquiring an additional 5,007 shares during the last quarter. First Foundation Advisors bought a new position in VanEck Vectors Short High-Yield Municipal Index ETF during the 3rd quarter worth approximately $437,000. Rehmann Capital Advisory Group boosted its stake in VanEck Vectors Short High-Yield Municipal Index ETF by 2,350.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 24,555 shares of the company’s stock worth $1,010,000 after acquiring an additional 23,553 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in VanEck Vectors Short High-Yield Municipal Index ETF by 28.2% during the 2nd quarter. Raymond James & Associates now owns 25,394 shares of the company’s stock worth $623,000 after acquiring an additional 5,583 shares during the last quarter.
TRADEMARK VIOLATION NOTICE: “Investors Buy VanEck Vectors Short High-Yield Municipal Index ETF (SHYD) on Weakness” was first posted by Fairfield Current and is owned by of Fairfield Current. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/01/20/investors-buy-vaneck-vectors-short-high-yield-municipal-index-etf-shyd-on-weakness.html.
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