ABLE Financial Group LLC Boosts Stock Holdings in VanEck Long Muni ETF $MLN

ABLE Financial Group LLC boosted its stake in shares of VanEck Long Muni ETF (BATS:MLN) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 610,501 shares of the company’s stock after purchasing an additional 69,344 shares during the period. VanEck Long Muni ETF makes up approximately 2.2% of ABLE Financial Group LLC’s portfolio, making the stock its 11th biggest holding. ABLE Financial Group LLC owned approximately 1.91% of VanEck Long Muni ETF worth $10,703,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Private Advisor Group LLC raised its stake in VanEck Long Muni ETF by 2.0% during the third quarter. Private Advisor Group LLC now owns 34,057 shares of the company’s stock worth $595,000 after purchasing an additional 656 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of VanEck Long Muni ETF by 0.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 214,225 shares of the company’s stock valued at $3,745,000 after acquiring an additional 768 shares during the period. Park Place Capital Corp lifted its holdings in shares of VanEck Long Muni ETF by 34.6% during the 3rd quarter. Park Place Capital Corp now owns 3,236 shares of the company’s stock valued at $57,000 after acquiring an additional 832 shares in the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of VanEck Long Muni ETF by 82.2% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,862 shares of the company’s stock valued at $33,000 after acquiring an additional 840 shares in the last quarter. Finally, NewEdge Wealth LLC lifted its holdings in shares of VanEck Long Muni ETF by 0.4% during the 3rd quarter. NewEdge Wealth LLC now owns 200,220 shares of the company’s stock valued at $3,523,000 after acquiring an additional 896 shares in the last quarter.

VanEck Long Muni ETF Stock Performance

BATS:MLN opened at $17.59 on Monday. The firm’s fifty day simple moving average is $17.56 and its 200 day simple moving average is $17.57. VanEck Long Muni ETF has a twelve month low of $16.30 and a twelve month high of $17.82.

VanEck Long Muni ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.0509 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.