Park Avenue Securities LLC Buys 77,018 Shares of VanEck Long Muni ETF $MLN

Park Avenue Securities LLC grew its position in shares of VanEck Long Muni ETF (BATS:MLN) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,273 shares of the company’s stock after purchasing an additional 77,018 shares during the period. Park Avenue Securities LLC owned approximately 0.97% of VanEck Long Muni ETF worth $5,439,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC raised its position in 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 stake in shares of VanEck Long Muni ETF by 84.8% in the 3rd quarter. ABLE Financial Group LLC now owns 541,157 shares of the company’s stock valued at $9,459,000 after purchasing an additional 248,310 shares during the last quarter. OLD National Bancorp IN purchased a new position in shares of VanEck Long Muni ETF in the 3rd quarter worth approximately $937,000. Cetera Investment Advisers boosted its holdings in shares of VanEck Long Muni ETF by 261.5% in the 2nd quarter. Cetera Investment Advisers now owns 194,521 shares of the company’s stock worth $3,285,000 after purchasing an additional 140,711 shares during the period. Finally, Elequin Capital LP bought a new position in shares of VanEck Long Muni ETF during the 3rd quarter valued at approximately $651,000.

VanEck Long Muni ETF Stock Performance

BATS:MLN opened at $17.32 on Friday. The stock’s fifty day moving average is $17.58 and its 200 day moving average is $17.55. VanEck Long Muni ETF has a fifty-two week low of $16.08 and a fifty-two week high of $17.82.

VanEck Long Muni ETF Cuts Dividend

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

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.