Beam or plate metamaterials with periodic piezoelectric arrays have attracted more and more attention in recent years for wave propagation attenuation and the corresponding vibration reduction. Conventional designs use resistive shunt (R-shunt) and resistor-inductor shunt (RL-shunt). An innovative metamaterial with a high-order resonant shunt circuit is proposed and investigated for vibration and wave propagation attenuation in this paper. The proposed high-order resonant shunt circuit can introduce two local resonances in series around the tuning frequency to broaden the attenuation bandwidth, or can create two separate resonances to achieve two separate bandgaps. Finite element modeling of the beam metamaterial with wave propagation and vibration in the transverse direction is established. Simulations have been conducted to compare the vibration attenuation performances among R-shunt, RL-shunt, and the proposed high-order shunt. An impedance-based method has been presented for the parameter design of electrical components in the proposed high-order shunt for bandgaps at two desired frequencies.