Park Avenue Securities LLC Buys 280,483 Shares of VanEck Long Muni ETF $MLN

Park Avenue Securities LLC purchased a new position in shares of VanEck Long Muni ETF (BATS:MLN) in the third quarter, HoldingsChannel reports. The institutional investor purchased 280,483 shares of the company’s stock, valued at approximately $4,579,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Eastern Bank bought a new stake in shares of VanEck Long Muni ETF during the third quarter valued at approximately $25,000. Western Wealth Management LLC bought a new position in VanEck Long Muni ETF during the 1st quarter worth approximately $31,000. Ascentis Independent Advisors acquired a new position in shares of VanEck Long Muni ETF in the 1st quarter valued at $88,000. Glen Eagle Advisors LLC acquired a new position in VanEck Long Muni ETF in the first quarter valued at about $91,000. Finally, Farther Finance Advisors LLC grew its position in shares of VanEck Long Muni ETF by 104.7% in the 3rd 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 period.

VanEck Long Muni ETF Stock Down 0.3%

Shares of BATS MLN opened at $16.81 on Friday. The company has a fifty day moving average price of $16.70 and a 200 day moving average price of $17.35. VanEck Long Muni ETF has a 1-year low of $16.04 and a 1-year high of $17.82.

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.