NewEdge Wealth LLC trimmed its stake in VanEck Long Muni ETF (BATS:MLN – Free Report) by 42.0% in the fourth quarter, Holdings Channel reports. The firm owned 116,028 shares of the company’s stock after selling 84,192 shares during the quarter. NewEdge Wealth LLC’s holdings in VanEck Long Muni ETF were worth $2,034,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MLN. Capital Investment Advisory Services LLC bought a new position in shares of VanEck Long Muni ETF in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its holdings in shares of VanEck Long Muni ETF by 63.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,674 shares of the company’s stock worth $29,000 after buying an additional 652 shares during the period. LGT Financial Advisors LLC boosted its holdings in shares of VanEck Long Muni ETF by 82.2% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,862 shares of the company’s stock worth $33,000 after buying an additional 840 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of VanEck Long Muni ETF during the 4th quarter worth about $34,000. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of VanEck Long Muni ETF by 410.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,954 shares of the company’s stock worth $104,000 after buying an additional 4,788 shares during the period.
VanEck Long Muni ETF Stock Performance
MLN opened at $17.58 on Wednesday. The business has a fifty day simple moving average of $17.56 and a 200 day simple moving average of $17.58. VanEck Long Muni ETF has a 1 year low of $16.50 and a 1 year high of $17.82.
VanEck Long Muni ETF Profile
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.
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