Westside Investment Management Inc. Invests $104,000 in VanEck Vectors Short Municipal ETF (SMB)

Westside Investment Management Inc. bought a new position in shares of VanEck Vectors Short Municipal ETF (NYSEARCA:SMB) during the 4th quarter, Holdings Channel reports. The fund bought 6,005 shares of the company’s stock, valued at approximately $104,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC boosted its position in shares of VanEck Vectors Short Municipal ETF by 2,397.2% during the 4th quarter. CWM LLC now owns 2,722 shares of the company’s stock worth $47,000 after purchasing an additional 2,613 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of VanEck Vectors Short Municipal ETF in the 4th quarter worth about $55,000. Bartlett & Co. LLC boosted its position in shares of VanEck Vectors Short Municipal ETF by 6.7% in the 3rd quarter. Bartlett & Co. LLC now owns 87,990 shares of the company’s stock worth $1,511,000 after buying an additional 5,520 shares in the last quarter. Cardan Capital Partners LLC boosted its position in shares of VanEck Vectors Short Municipal ETF by 4.4% in the 4th quarter. Cardan Capital Partners LLC now owns 133,215 shares of the company’s stock worth $2,305,000 after buying an additional 5,585 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in shares of VanEck Vectors Short Municipal ETF by 19.6% in the 3rd quarter. MML Investors Services LLC now owns 41,179 shares of the company’s stock worth $707,000 after buying an additional 6,744 shares in the last quarter.

Shares of VanEck Vectors Short Municipal ETF stock traded up $0.01 on Tuesday, hitting $17.42. The company’s stock had a trading volume of 615 shares, compared to its average volume of 57,215. VanEck Vectors Short Municipal ETF has a 52-week low of $17.05 and a 52-week high of $17.45.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 7th. Investors of record on Monday, February 4th were given a $0.024 dividend. The ex-dividend date was Friday, February 1st. This is a positive change from VanEck Vectors Short Municipal ETF’s previous monthly dividend of $0.02. This represents a $0.29 annualized dividend and a dividend yield of 1.65%.

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

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

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