Envestnet Asset Management Inc. grew its holdings in VanEck Long Muni ETF (BATS:MLN – Free Report) by 67.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,216,903 shares of the company’s stock after purchasing an additional 490,454 shares during the period. Envestnet Asset Management Inc. owned approximately 3.91% of VanEck Long Muni ETF worth $21,162,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in VanEck Long Muni ETF during the 4th quarter worth approximately $36,000. Farther Finance Advisors LLC raised its stake in VanEck Long Muni ETF by 4,892.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,039 shares of the company’s stock worth $126,000 after buying an additional 6,898 shares during the period. LPL Financial LLC raised its stake in VanEck Long Muni ETF by 17.4% during the 4th quarter. LPL Financial LLC now owns 242,173 shares of the company’s stock worth $4,330,000 after buying an additional 35,816 shares during the period. PKS Advisory Services LLC bought a new stake in VanEck Long Muni ETF during the 4th quarter worth approximately $238,000. Finally, JPMorgan Chase & Co. increased its holdings in VanEck Long Muni ETF by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 34,417 shares of the company’s stock worth $615,000 after purchasing an additional 1,985 shares in the last quarter.
VanEck Long Muni ETF Price Performance
Shares of MLN opened at $16.67 on Thursday. The stock has a 50 day moving average price of $16.85 and a two-hundred day moving average price of $17.26. VanEck Long Muni ETF has a 52 week low of $16.08 and a 52 week high of $18.34.
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.
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