Tortoise Investment Management LLC reduced its stake in shares of VanEck Long Muni ETF (BATS:MLN – Free Report) by 14.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 242,608 shares of the company’s stock after selling 41,085 shares during the period. Tortoise Investment Management LLC owned 0.99% of VanEck Long Muni ETF worth $4,428,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin Edwards Inc. acquired a new position in shares of VanEck Long Muni ETF during the 4th quarter worth approximately $31,000. Versant Capital Management Inc raised its position in shares of VanEck Long Muni ETF by 171.0% during the 4th quarter. Versant Capital Management Inc now owns 3,488 shares of the company’s stock valued at $64,000 after buying an additional 2,201 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of VanEck Long Muni ETF during the 3rd quarter valued at approximately $121,000. Eagle Asset Management Inc. purchased a new stake in shares of VanEck Long Muni ETF during the 4th quarter valued at approximately $195,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of VanEck Long Muni ETF during the 4th quarter valued at approximately $200,000.
VanEck Long Muni ETF Stock Performance
Shares of MLN stock traded up $0.01 during trading on Friday, hitting $18.03. 114,445 shares of the stock traded hands. The firm’s 50-day moving average price is $17.78 and its two-hundred day moving average price is $17.93.
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.
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