Principal Financial Group Inc. Raises Stock Holdings in VanEck High Yield Muni ETF $HYD

Principal Financial Group Inc. boosted its holdings in shares of VanEck High Yield Muni ETF (BATS:HYD) by 158.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,604 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Principal Financial Group Inc.’s holdings in VanEck High Yield Muni ETF were worth $1,635,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. American Family Investments Inc. purchased a new stake in VanEck High Yield Muni ETF in the fourth quarter worth $148,607,000. HighTower Advisors LLC boosted its stake in shares of VanEck High Yield Muni ETF by 663.5% during the fourth quarter. HighTower Advisors LLC now owns 2,499,427 shares of the company’s stock valued at $127,771,000 after purchasing an additional 2,172,057 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of VanEck High Yield Muni ETF by 126.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,507,331 shares of the company’s stock valued at $77,055,000 after purchasing an additional 841,078 shares during the period. Man Group plc grew its holdings in shares of VanEck High Yield Muni ETF by 215.4% in the fourth quarter. Man Group plc now owns 658,489 shares of the company’s stock worth $33,662,000 after purchasing an additional 449,680 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of VanEck High Yield Muni ETF by 349.6% in the third quarter. Mercer Global Advisors Inc. ADV now owns 277,083 shares of the company’s stock worth $14,104,000 after purchasing an additional 215,450 shares during the last quarter.

VanEck High Yield Muni ETF Stock Down 0.1%

HYD stock opened at $50.27 on Friday. VanEck High Yield Muni ETF has a 12 month low of $49.08 and a 12 month high of $51.68. The firm’s 50-day moving average is $51.17 and its 200 day moving average is $51.02.

VanEck High Yield Muni ETF 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.