Confluence Investment Management LLC Sells 71,220 Shares of VanEck Long Muni ETF $MLN

Confluence Investment Management LLC decreased its position in VanEck Long Muni ETF (BATS:MLN) by 31.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,054 shares of the company’s stock after selling 71,220 shares during the period. Confluence Investment Management LLC owned about 0.49% of VanEck Long Muni ETF worth $2,753,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MLN. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of VanEck Long Muni ETF by 20.1% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 504,544 shares of the company’s stock valued at $8,819,000 after purchasing an additional 84,495 shares during the period. ABLE Financial Group LLC lifted its position in VanEck Long Muni ETF by 84.8% in the third quarter. ABLE Financial Group LLC now owns 541,157 shares of the company’s stock worth $9,459,000 after purchasing an additional 248,310 shares during the period. OLD National Bancorp IN bought a new position in VanEck Long Muni ETF in the third quarter worth $937,000. Cetera Investment Advisers boosted its stake in VanEck Long Muni ETF by 261.5% during the second quarter. Cetera Investment Advisers now owns 194,521 shares of the company’s stock worth $3,285,000 after buying an additional 140,711 shares in the last quarter. Finally, PKS Advisory Services LLC boosted its stake in VanEck Long Muni ETF by 22.6% during the second quarter. PKS Advisory Services LLC now owns 16,300 shares of the company’s stock worth $275,000 after buying an additional 3,000 shares in the last quarter.

VanEck Long Muni ETF Price Performance

Shares of VanEck Long Muni ETF stock opened at $17.32 on Friday. VanEck Long Muni ETF has a 52-week low of $16.08 and a 52-week high of $17.82. The company’s fifty day moving average price is $17.58 and its two-hundred day moving average price is $17.55.

VanEck Long Muni ETF Cuts Dividend

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

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.