Stifel Financial Corp increased its stake in shares of VanEck Long Muni ETF (BATS:MLN – Free Report) by 60.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,560 shares of the company’s stock after purchasing an additional 86,779 shares during the quarter. Stifel Financial Corp owned about 0.91% of VanEck Long Muni ETF worth $4,219,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of MLN. Raymond James & Associates grew its stake in shares of VanEck Long Muni ETF by 56.2% during the third quarter. Raymond James & Associates now owns 3,427,963 shares of the company’s stock valued at $62,732,000 after purchasing an additional 1,232,833 shares during the last quarter. Kestra Investment Management LLC bought a new position in VanEck Long Muni ETF in the second quarter valued at approximately $4,575,000. Sanctuary Advisors LLC bought a new position in VanEck Long Muni ETF in the second quarter valued at approximately $4,363,000. Legacy CG LLC bought a new position in VanEck Long Muni ETF in the second quarter valued at approximately $4,129,000. Finally, HighTower Advisors LLC boosted its stake in VanEck Long Muni ETF by 14.6% in the third quarter. HighTower Advisors LLC now owns 1,672,192 shares of the company’s stock valued at $30,604,000 after acquiring an additional 213,478 shares during the last quarter.
VanEck Long Muni ETF Trading Down 0.6 %
Shares of MLN stock opened at $18.00 on Monday. The firm has a 50-day simple moving average of $18.03 and a 200 day simple moving average of $18.05.
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.
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