PNC Financial Services Group Inc. Acquires 710 Shares of VanEck High Yield Muni ETF $HYD

PNC Financial Services Group Inc. increased its stake in shares of VanEck High Yield Muni ETF (BATS:HYD) by 33.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,851 shares of the company’s stock after buying an additional 710 shares during the quarter. PNC Financial Services Group Inc.’s holdings in VanEck High Yield Muni ETF were worth $146,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriflex Group Inc. bought a new position in shares of VanEck High Yield Muni ETF during the fourth quarter valued at $28,000. Mpwm Advisory Solutions LLC bought a new position in VanEck High Yield Muni ETF during the 4th quarter valued at about $36,000. Rossby Financial LCC bought a new position in VanEck High Yield Muni ETF during the 1st quarter valued at about $64,000. Capital Investment Advisory Services LLC boosted its position in VanEck High Yield Muni ETF by 148.1% in the first quarter. Capital Investment Advisory Services LLC now owns 1,315 shares of the company’s stock valued at $67,000 after buying an additional 785 shares in the last quarter. Finally, Allworth Financial LP grew its stake in VanEck High Yield Muni ETF by 39.9% during the first quarter. Allworth Financial LP now owns 1,564 shares of the company’s stock worth $78,000 after buying an additional 446 shares during the last quarter.

VanEck High Yield Muni ETF Stock Down 4.1%

BATS HYD opened at $49.26 on Tuesday. The company has a 50 day moving average of $49.53 and a 200-day moving average of $50.32. VanEck High Yield Muni ETF has a 1-year low of $47.78 and a 1-year 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.