VanEck Vectors Short Municipal ETF (SMB) Sets New 12-Month High at $17.58

VanEck Vectors Short Municipal ETF (NYSEARCA:SMB) shares reached a new 52-week high on Thursday . The company traded as high as $17.58 and last traded at $17.57, with a volume of 2473 shares trading hands. The stock had previously closed at $17.57.

The business also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were issued a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Wednesday, May 1st.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its holdings in shares of VanEck Vectors Short Municipal ETF by 100.9% in the first quarter. HighTower Advisors LLC now owns 57,735 shares of the company’s stock worth $1,012,000 after purchasing an additional 28,992 shares during the last quarter. Morgan Stanley grew its holdings in shares of VanEck Vectors Short Municipal ETF by 23.0% in the first quarter. Morgan Stanley now owns 356,651 shares of the company’s stock worth $6,263,000 after purchasing an additional 66,800 shares during the last quarter. Blair William & Co. IL bought a new position in shares of VanEck Vectors Short Municipal ETF in the first quarter worth about $136,000. MML Investors Services LLC grew its holdings in shares of VanEck Vectors Short Municipal ETF by 9.7% in the first quarter. MML Investors Services LLC now owns 43,780 shares of the company’s stock worth $769,000 after purchasing an additional 3,861 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of VanEck Vectors Short Municipal ETF in the first quarter worth about $27,000.

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VanEck Vectors Short Municipal ETF Company Profile (NYSEARCA:SMB)

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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