VanEck Green Bond ETF (NYSEARCA:GRNB) Shares Pass Above 200 Day Moving Average – Here’s Why

VanEck Green Bond ETF (NYSEARCA:GRNB)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.37 and traded as high as $24.41. VanEck Green Bond ETF shares last traded at $24.40, with a volume of 22,905 shares trading hands.

VanEck Green Bond ETF Price Performance

The company has a market cap of $168.36 million, a PE ratio of -35.88 and a beta of 0.24. The business has a 50 day moving average of $24.39 and a 200 day moving average of $24.37.

Institutional Investors Weigh In On VanEck Green Bond ETF

A number of large investors have recently modified their holdings of the stock. rebel Financial LLC purchased a new position in shares of VanEck Green Bond ETF in the 2nd quarter valued at approximately $5,208,000. Neumann Capital Management LLC grew its stake in VanEck Green Bond ETF by 15.4% in the second quarter. Neumann Capital Management LLC now owns 33,650 shares of the financial services provider’s stock worth $816,000 after purchasing an additional 4,500 shares during the period. PFG Investments LLC raised its holdings in VanEck Green Bond ETF by 4.4% in the second quarter. PFG Investments LLC now owns 535,380 shares of the financial services provider’s stock worth $12,978,000 after purchasing an additional 22,638 shares in the last quarter. Rossby Financial LCC raised its holdings in VanEck Green Bond ETF by 12.8% in the second quarter. Rossby Financial LCC now owns 242,631 shares of the financial services provider’s stock worth $5,881,000 after purchasing an additional 27,581 shares in the last quarter. Finally, Wealth Advisory Team LLC purchased a new position in VanEck Green Bond ETF during the second quarter valued at $284,000. Institutional investors own 1.77% of the company’s stock.

About VanEck Green Bond ETF

Green Bankshares, Inc (Green Bankshares) is a bank holding company. Prior to September 7, 2011, Green Bankshares conducted its business primarily through its wholly owned subsidiary, GreenBank (the Bank). On September 7, 2011, the Bank merged with and into Capital Bank, National Association (Capital Bank, NA), a subsidiary of Capital Bank Financial Corp. (CBF). CBF owns approximately 90% interest of the Company. As of December 31, 2011, the Company’s net investment of $315.3 million in Capital Bank, NA.