Elequin Capital LP Acquires New Holdings in VanEck Long Muni ETF $MLN

Elequin Capital LP bought a new stake in VanEck Long Muni ETF (BATS:MLN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,220 shares of the company’s stock, valued at approximately $651,000.

Several other hedge funds also recently bought and sold shares of the company. Park Place Capital Corp boosted its position in shares of VanEck Long Muni ETF by 34.6% during the third quarter. Park Place Capital Corp now owns 3,236 shares of the company’s stock worth $57,000 after purchasing an additional 832 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of VanEck Long Muni ETF by 410.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,954 shares of the company’s stock valued at $104,000 after buying an additional 4,788 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of VanEck Long Muni ETF in the 2nd quarter valued at $111,000. Comerica Bank increased its position in shares of VanEck Long Muni ETF by 467.4% in the 3rd quarter. Comerica Bank now owns 7,149 shares of the company’s stock valued at $125,000 after buying an additional 5,889 shares in the last quarter. Finally, Smartleaf Asset Management LLC acquired a new stake in VanEck Long Muni ETF during the 3rd quarter worth $137,000.

VanEck Long Muni ETF Trading Up 0.4%

MLN stock opened at $17.56 on Friday. VanEck Long Muni ETF has a 1-year low of $16.08 and a 1-year high of $17.82. The business’s 50-day moving average price is $17.59 and its two-hundred day moving average price is $17.53.

VanEck Long Muni ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0509 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

About VanEck Long Muni ETF

The VanEck Long Muni ETF (MLN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of at least 17 years. MLN was launched on Jan 2, 2008 and is managed by VanEck.