VanEck CEF Muni Income ETF (BATS:XMPT) Stock Price Down 0.4% – Here’s What Happened

Shares of VanEck CEF Muni Income ETF (BATS:XMPT) were down 0.4% during trading on Monday. The company traded as low as $19.09 and last traded at $19.16. Approximately 38,426 shares changed hands during trading, a decline of 35% from the average session volume of 59,221 shares. The stock had previously closed at $19.24.

VanEck CEF Muni Income ETF Stock Down 0.7%

The firm’s fifty day simple moving average is $20.57 and its two-hundred day simple moving average is $21.39.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Heartwood Wealth Advisors LLC increased its stake in VanEck CEF Muni Income ETF by 1.0% during the third quarter. Heartwood Wealth Advisors LLC now owns 344,261 shares of the company’s stock worth $6,617,000 after acquiring an additional 3,334 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in VanEck CEF Muni Income ETF in the second quarter valued at $188,000. Integrated Wealth Concepts LLC acquired a new position in shares of VanEck CEF Muni Income ETF in the 2nd quarter valued at $8,583,000. NewEdge Advisors LLC acquired a new position in shares of VanEck CEF Muni Income ETF in the 2nd quarter valued at $57,000. Finally, IFP Advisors Inc purchased a new position in shares of VanEck CEF Muni Income ETF during the 2nd quarter worth $51,000.

VanEck CEF Muni Income ETF Company Profile

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.