Hyundai Investments Co. Ltd. Takes Position in VanEck Long Muni ETF $MLN

Hyundai Investments Co. Ltd. purchased a new stake in shares of VanEck Long Muni ETF (BATS:MLN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 36,426 shares of the company’s stock, valued at approximately $640,000. VanEck Long Muni ETF comprises about 0.6% of Hyundai Investments Co. Ltd.’s portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of MLN. Wellington Management Group LLP acquired a new position in shares of VanEck Long Muni ETF during the 3rd quarter valued at about $28,681,000. Jane Street Group LLC boosted its position in shares of VanEck Long Muni ETF by 291.0% during the 2nd quarter. Jane Street Group LLC now owns 1,863,224 shares of the company’s stock valued at $31,470,000 after acquiring an additional 1,386,685 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of VanEck Long Muni ETF by 37.5% during the 3rd quarter. Raymond James Financial Inc. now owns 2,720,172 shares of the company’s stock valued at $47,549,000 after acquiring an additional 742,038 shares during the last quarter. LPL Financial LLC boosted its position in shares of VanEck Long Muni ETF by 36.2% during the 4th quarter. LPL Financial LLC now owns 1,929,772 shares of the company’s stock valued at $33,831,000 after acquiring an additional 512,405 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its position in shares of VanEck Long Muni ETF by 28.8% during the 4th quarter. Kestra Investment Management LLC now owns 2,244,274 shares of the company’s stock valued at $39,344,000 after acquiring an additional 502,142 shares during the last quarter.

VanEck Long Muni ETF Price Performance

Shares of MLN stock opened at $17.66 on Tuesday. The company’s 50-day moving average price is $17.57 and its 200-day moving average price is $17.56. VanEck Long Muni ETF has a twelve month low of $16.50 and a twelve month high of $17.82.

About VanEck Long Muni ETF

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.