Truist Financial Corp Reduces Stock Holdings in VanEck Long Muni ETF $MLN

Truist Financial Corp decreased its holdings in VanEck Long Muni ETF (BATS:MLN) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,030 shares of the company’s stock after selling 1,144 shares during the period. Truist Financial Corp owned 0.15% of VanEck Long Muni ETF worth $811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MLN. Janney Montgomery Scott LLC grew its position in shares of VanEck Long Muni ETF by 23.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 421,681 shares of the company’s stock valued at $7,333,000 after purchasing an additional 80,587 shares in the last quarter. Fourth Dimension Wealth LLC boosted its stake in VanEck Long Muni ETF by 47.3% during the first quarter. Fourth Dimension Wealth LLC now owns 31,591 shares of the company’s stock valued at $549,000 after buying an additional 10,151 shares during the period. Balance Wealth LLC purchased a new position in VanEck Long Muni ETF during the first quarter worth about $265,000. Capital Advisors Wealth Management LLC increased its stake in VanEck Long Muni ETF by 20.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 104,166 shares of the company’s stock worth $1,811,000 after acquiring an additional 17,652 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its stake in VanEck Long Muni ETF by 10.6% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 36,741 shares of the company’s stock worth $639,000 after acquiring an additional 3,527 shares during the last quarter.

VanEck Long Muni ETF Trading Up 0.6%

Shares of VanEck Long Muni ETF stock opened at $17.64 on Tuesday. VanEck Long Muni ETF has a 1 year low of $16.08 and a 1 year high of $18.34. The company has a 50 day simple moving average of $17.14 and a two-hundred day simple moving average of $16.96.

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.