Bank of New York Mellon Corp Cuts Stake in VanEck Long Muni ETF (BATS:MLN)

Bank of New York Mellon Corp decreased its position in VanEck Long Muni ETF (BATS:MLN) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 765,437 shares of the company’s stock after selling 2,843 shares during the period. Bank of New York Mellon Corp owned approximately 4.48% of VanEck Long Muni ETF worth $13,786,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Avidian Wealth Solutions LLC lifted its stake in shares of VanEck Long Muni ETF by 76.7% in the first quarter. Avidian Wealth Solutions LLC now owns 812,964 shares of the company’s stock worth $14,641,000 after buying an additional 352,783 shares in the last quarter. WealthShield Partners LLC purchased a new position in shares of VanEck Long Muni ETF in the first quarter worth $26,000. Truist Financial Corp lifted its holdings in shares of VanEck Long Muni ETF by 13.9% during the first quarter. Truist Financial Corp now owns 163,473 shares of the company’s stock valued at $2,944,000 after purchasing an additional 19,979 shares in the last quarter. CX Institutional lifted its holdings in shares of VanEck Long Muni ETF by 22.8% during the first quarter. CX Institutional now owns 481,586 shares of the company’s stock valued at $8,656,000 after purchasing an additional 89,447 shares in the last quarter. Finally, Estate Counselors LLC boosted its position in shares of VanEck Long Muni ETF by 2.9% during the first quarter. Estate Counselors LLC now owns 64,500 shares of the company’s stock valued at $1,162,000 after buying an additional 1,825 shares during the last quarter.

VanEck Long Muni ETF Price Performance

Shares of BATS:MLN opened at $17.44 on Thursday. The stock has a fifty day simple moving average of $17.75 and a 200-day simple moving average of $17.79.

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.