Canandaigua National Bank & Trust Co. Acquires New Stake in VanEck Green Bond ETF $GRNB

Canandaigua National Bank & Trust Co. bought a new position in VanEck Green Bond ETF (NYSEARCA:GRNB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 38,092 shares of the financial services provider’s stock, valued at approximately $919,000. Canandaigua National Bank & Trust Co. owned 0.50% of VanEck Green Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GRNB. Western Wealth Management LLC acquired a new stake in VanEck Green Bond ETF in the 1st quarter valued at approximately $58,000. Flagship Harbor Advisors LLC bought a new position in shares of VanEck Green Bond ETF during the 4th quarter worth approximately $101,000. Advisory Services Network LLC acquired a new stake in shares of VanEck Green Bond ETF in the third quarter valued at approximately $137,000. Thrivent Financial for Lutherans acquired a new position in VanEck Green Bond ETF during the second quarter worth $208,000. Finally, Apollon Wealth Management LLC bought a new position in VanEck Green Bond ETF in the first quarter valued at $208,000. Institutional investors and hedge funds own 1.77% of the company’s stock.

VanEck Green Bond ETF Price Performance

Shares of NYSEARCA:GRNB opened at $23.86 on Thursday. The company’s 50-day moving average price is $23.97 and its two-hundred day moving average price is $24.10. VanEck Green Bond ETF has a one year low of $23.72 and a one year high of $24.67. The stock has a market capitalization of $184.91 million, a PE ratio of -35.09 and a beta of 0.24.

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.