HighTower Advisors LLC Cuts Stock Holdings in VanEck CEF Municipal Income ETF (BATS:XMPT)

HighTower Advisors LLC lowered its stake in VanEck CEF Municipal Income ETF (BATS:XMPT) by 3.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 89,916 shares of the company’s stock after selling 2,747 shares during the period. HighTower Advisors LLC’s holdings in VanEck CEF Municipal Income ETF were worth $2,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hedeker Wealth LLC grew its position in VanEck CEF Municipal Income ETF by 12.7% during the 3rd quarter. Hedeker Wealth LLC now owns 44,926 shares of the company’s stock worth $1,041,000 after acquiring an additional 5,057 shares during the last quarter. SimpliFi Inc. grew its holdings in shares of VanEck CEF Municipal Income ETF by 1.4% in the third quarter. SimpliFi Inc. now owns 31,681 shares of the company’s stock worth $734,000 after purchasing an additional 449 shares during the last quarter. VitalStone Financial LLC increased its stake in shares of VanEck CEF Municipal Income ETF by 25.0% in the third quarter. VitalStone Financial LLC now owns 50,504 shares of the company’s stock worth $1,170,000 after buying an additional 10,115 shares during the period. GAMMA Investing LLC bought a new stake in VanEck CEF Municipal Income ETF during the 3rd quarter valued at $65,000. Finally, Cetera Investment Advisers boosted its position in VanEck CEF Municipal Income ETF by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 109,683 shares of the company’s stock valued at $2,414,000 after buying an additional 6,936 shares during the period.

VanEck CEF Municipal Income ETF Stock Performance

Shares of VanEck CEF Municipal Income ETF stock opened at $22.30 on Friday. The stock has a 50-day moving average price of $22.55 and a two-hundred day moving average price of $22.38.

VanEck CEF Municipal Income ETF Company Profile

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.