Tortoise Investment Management LLC Sells 103,441 Shares of VanEck Long Muni ETF $MLN

Tortoise Investment Management LLC lessened its position in VanEck Long Muni ETF (BATS:MLN) by 16.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 530,946 shares of the company’s stock after selling 103,441 shares during the period. Tortoise Investment Management LLC’s holdings in VanEck Long Muni ETF were worth $8,668,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC raised its position in shares of VanEck Long Muni ETF by 2.5% during the third quarter. Kestra Investment Management LLC now owns 4,066,545 shares of the company’s stock worth $66,386,000 after purchasing an additional 98,547 shares during the period. StoneX Group Inc. bought a new position in shares of VanEck Long Muni ETF in the 3rd quarter worth $1,671,000. Tennessee Valley Asset Management Partners grew its position in VanEck Long Muni ETF by 6.5% in the 3rd quarter. Tennessee Valley Asset Management Partners now owns 92,749 shares of the company’s stock valued at $1,514,000 after purchasing an additional 5,622 shares during the period. Westside Investment Management Inc. grew its position in VanEck Long Muni ETF by 0.7% in the 3rd quarter. Westside Investment Management Inc. now owns 272,629 shares of the company’s stock valued at $4,451,000 after purchasing an additional 1,986 shares during the period. Finally, Kestra Advisory Services LLC grew its position in VanEck Long Muni ETF by 432.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,497,269 shares of the company’s stock valued at $24,443,000 after purchasing an additional 1,216,206 shares during the period.

VanEck Long Muni ETF Stock Performance

Shares of MLN stock opened at $16.83 on Friday. The firm has a fifty day simple moving average of $16.64 and a two-hundred day simple moving average of $17.32. VanEck Long Muni ETF has a 12 month low of $16.04 and a 12 month 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.