VanEck Long Muni ETF (BATS:MLN) Stake Lessened by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its stake in VanEck Long Muni ETF (BATS:MLN) by 4.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 232,507 shares of the company’s stock after selling 9,761 shares during the quarter. Sanctuary Advisors LLC’s holdings in VanEck Long Muni ETF were worth $4,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MLN. Eastern Bank bought a new stake in shares of VanEck Long Muni ETF in the third quarter worth $28,000. FMR LLC increased its stake in shares of VanEck Long Muni ETF by 2,371.0% in the third quarter. FMR LLC now owns 4,769 shares of the company’s stock worth $87,000 after buying an additional 4,576 shares during the last quarter. Transcendent Capital Group LLC increased its stake in shares of VanEck Long Muni ETF by 26.0% in the third quarter. Transcendent Capital Group LLC now owns 6,122 shares of the company’s stock worth $112,000 after buying an additional 1,262 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in VanEck Long Muni ETF in the fourth quarter worth $249,000. Finally, Stephens Inc. AR acquired a new position in VanEck Long Muni ETF in the third quarter worth $361,000.

VanEck Long Muni ETF Price Performance

VanEck Long Muni ETF stock opened at $17.84 on Friday. The stock has a 50 day simple moving average of $17.77 and a two-hundred day simple moving average of $17.98.

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.