Principal Financial Group Inc. Makes New Investment in VanEck High Yield Muni ETF (BATS:HYD)

Principal Financial Group Inc. bought a new position in shares of VanEck High Yield Muni ETF (BATS:HYD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,704 shares of the company’s stock, valued at approximately $906,000.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of VanEck High Yield Muni ETF by 8.7% in the fourth quarter. Bank of America Corp DE now owns 9,872,069 shares of the company’s stock worth $512,459,000 after acquiring an additional 790,557 shares during the last quarter. Sei Investments Co. increased its stake in VanEck High Yield Muni ETF by 4.6% in the fourth quarter. Sei Investments Co. now owns 3,248,541 shares of the company’s stock valued at $168,632,000 after purchasing an additional 141,388 shares during the last quarter. FMR LLC increased its stake in VanEck High Yield Muni ETF by 132.1% in the fourth quarter. FMR LLC now owns 1,782,883 shares of the company’s stock valued at $92,549,000 after purchasing an additional 1,014,701 shares during the last quarter. Royal Bank of Canada increased its stake in VanEck High Yield Muni ETF by 4.7% in the fourth quarter. Royal Bank of Canada now owns 1,678,884 shares of the company’s stock valued at $87,149,000 after purchasing an additional 75,221 shares during the last quarter. Finally, Grimes & Company Inc. increased its stake in VanEck High Yield Muni ETF by 0.9% in the first quarter. Grimes & Company Inc. now owns 1,200,224 shares of the company’s stock valued at $61,427,000 after purchasing an additional 11,003 shares during the last quarter.

VanEck High Yield Muni ETF Trading Down 4.9%

VanEck High Yield Muni ETF stock opened at $48.86 on Friday. The stock has a fifty day moving average price of $49.77 and a 200 day moving average price of $50.71. VanEck High Yield Muni ETF has a 52 week low of $47.78 and a 52 week high of $53.10.

VanEck High Yield Muni ETF Company Profile

The VanEck High Yield Muni ETF (HYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of high-yield, tax-exempt US municipal bonds. HYD was launched on Feb 4, 2009 and is managed by VanEck.