VanEck Long Muni ETF $MLN Shares Sold by ABLE Financial Group LLC

ABLE Financial Group LLC trimmed its stake in shares of VanEck Long Muni ETF (BATS:MLN) by 28.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 412,252 shares of the company’s stock after selling 163,810 shares during the period. VanEck Long Muni ETF comprises about 1.0% of ABLE Financial Group LLC’s portfolio, making the stock its 25th largest position. ABLE Financial Group LLC’s holdings in VanEck Long Muni ETF were worth $6,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Eastern Bank bought a new position in shares of VanEck Long Muni ETF during the third quarter worth about $25,000. Western Wealth Management LLC bought a new position in shares of VanEck Long Muni ETF during the 1st quarter worth approximately $31,000. Ascentis Independent Advisors bought a new position in shares of VanEck Long Muni ETF during the 1st quarter worth approximately $88,000. Glen Eagle Advisors LLC bought a new position in shares of VanEck Long Muni ETF during the 1st quarter worth approximately $91,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of VanEck Long Muni ETF by 104.7% in the third quarter. Farther Finance Advisors LLC now owns 6,320 shares of the company’s stock valued at $103,000 after purchasing an additional 3,233 shares during the last quarter.

VanEck Long Muni ETF Stock Performance

MLN traded down $0.06 during trading hours on Wednesday, hitting $16.35. 381,071 shares of the company’s stock were exchanged, compared to its average volume of 356,666. VanEck Long Muni ETF has a 1-year low of $16.04 and a 1-year high of $17.82. The stock’s 50-day moving average is $16.88 and its two-hundred day moving average is $17.33.

VanEck Long Muni ETF Company 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.