Tortoise Investment Management LLC Buys 42,750 Shares of VanEck Vectors Short High-Yield Municipal Index ETF (SHYD)

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Tortoise Investment Management LLC lifted its stake in VanEck Vectors Short High-Yield Municipal Index ETF (NYSEARCA:SHYD) by 79.0% in the 1st quarter, Holdings Channel reports. The firm owned 96,895 shares of the company’s stock after purchasing an additional 42,750 shares during the period. Tortoise Investment Management LLC’s holdings in VanEck Vectors Short High-Yield Municipal Index ETF were worth $2,393,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of VanEck Vectors Short High-Yield Municipal Index ETF in the fourth quarter valued at approximately $32,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of VanEck Vectors Short High-Yield Municipal Index ETF in the first quarter valued at approximately $55,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of VanEck Vectors Short High-Yield Municipal Index ETF in the first quarter valued at approximately $201,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of VanEck Vectors Short High-Yield Municipal Index ETF in the fourth quarter valued at approximately $277,000. Finally, First Allied Advisory Services Inc. increased its holdings in shares of VanEck Vectors Short High-Yield Municipal Index ETF by 13.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 12,894 shares of the company’s stock valued at $311,000 after purchasing an additional 1,487 shares during the last quarter.

Shares of NYSEARCA:SHYD traded up $0.01 during midday trading on Friday, hitting $24.88. The company had a trading volume of 2,347 shares, compared to its average volume of 50,207. VanEck Vectors Short High-Yield Municipal Index ETF has a twelve month low of $23.89 and a twelve month high of $24.88.

The business also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were issued a $0.0647 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $0.78 annualized dividend and a dividend yield of 3.12%.

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Want to see what other hedge funds are holding SHYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Short High-Yield Municipal Index ETF (NYSEARCA:SHYD).

Institutional Ownership by Quarter for VanEck Vectors Short High-Yield Municipal Index ETF (NYSEARCA:SHYD)

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