12,500 Shares in VanEck Short Muni ETF (BATS:SMB) Acquired by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC bought a new position in VanEck Short Muni ETF (BATS:SMB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,500 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds also recently bought and sold shares of SMB. Brand Asset Management Group Inc. bought a new stake in VanEck Short Muni ETF in the 2nd quarter worth approximately $178,000. Fluent Financial LLC bought a new stake in VanEck Short Muni ETF in the 3rd quarter worth approximately $203,000. Miracle Mile Advisors LLC bought a new stake in VanEck Short Muni ETF in the 1st quarter worth approximately $275,000. Comerica Bank lifted its position in VanEck Short Muni ETF by 8.1% in the 1st quarter. Comerica Bank now owns 20,148 shares of the company’s stock worth $343,000 after buying an additional 1,504 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in VanEck Short Muni ETF in the third quarter valued at approximately $432,000.

VanEck Short Muni ETF Price Performance

Shares of SMB stock opened at $17.15 on Friday. The company has a fifty day moving average of $17.23 and a 200 day moving average of $17.09.

About VanEck Short Muni ETF

The VanEck Short Muni ETF (SMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 1-6 years. SMB was launched on Feb 22, 2008 and is managed by VanEck.