Comerica Bank Boosts Stock Position in VanEck Long Muni ETF (BATS:MLN)

Comerica Bank increased its stake in shares of VanEck Long Muni ETF (BATS:MLN) by 88.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,532 shares of the company’s stock after purchasing an additional 2,601 shares during the quarter. Comerica Bank’s holdings in VanEck Long Muni ETF were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC increased its position in VanEck Long Muni ETF by 2.4% during the 4th quarter. Townsquare Capital LLC now owns 27,711 shares of the company’s stock worth $495,000 after purchasing an additional 660 shares in the last quarter. Hedeker Wealth LLC increased its position in VanEck Long Muni ETF by 0.9% during the 4th quarter. Hedeker Wealth LLC now owns 82,253 shares of the company’s stock worth $1,471,000 after purchasing an additional 732 shares in the last quarter. Parkside Financial Bank & Trust increased its position in VanEck Long Muni ETF by 45.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,627 shares of the company’s stock worth $47,000 after purchasing an additional 824 shares in the last quarter. Concourse Financial Group Securities Inc. increased its position in VanEck Long Muni ETF by 34.3% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 3,330 shares of the company’s stock worth $59,000 after purchasing an additional 850 shares in the last quarter. Finally, CAP Partners LLC increased its position in VanEck Long Muni ETF by 7.7% during the 4th quarter. CAP Partners LLC now owns 22,754 shares of the company’s stock worth $407,000 after purchasing an additional 1,633 shares in the last quarter.

VanEck Long Muni ETF Stock Down 2.7%

BATS MLN opened at $17.05 on Monday. VanEck Long Muni ETF has a 12 month low of $16.08 and a 12 month high of $18.34. The company has a 50-day moving average of $17.11 and a 200-day moving average of $17.60.

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.