VanEck CEF Muni Income ETF (BATS:XMPT) Trading Down 0.6% – Here’s What Happened

VanEck CEF Muni Income ETF (BATS:XMPT)’s share price dropped 0.6% on Monday . The stock traded as low as $21.38 and last traded at $21.41. 128,214 shares changed hands during mid-day trading, an increase of 149% from the average daily volume of 51,555 shares. The stock had previously closed at $21.54.

VanEck CEF Muni Income ETF Stock Down 0.6%

The firm’s fifty day moving average price is $21.95 and its 200 day moving average price is $21.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XMPT. Advisory Services Network LLC purchased a new position in VanEck CEF Muni Income ETF in the 3rd quarter valued at approximately $26,000. Kestra Advisory Services LLC purchased a new stake in VanEck CEF Muni Income ETF during the fourth quarter worth approximately $50,000. International Assets Investment Management LLC purchased a new position in shares of VanEck CEF Muni Income ETF in the 1st quarter valued at $54,000. Wells Fargo & Company MN purchased a new stake in shares of VanEck CEF Muni Income ETF in the 4th quarter valued at about $158,000. Finally, Comerica Bank acquired a new stake in shares of VanEck CEF Muni Income ETF in the third quarter valued at approximately $183,000.

About VanEck CEF Muni Income ETF

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.