Foster & Motley Inc. Reduces Position in VanEck Long Muni ETF (BATS:MLN)

Foster & Motley Inc. decreased its stake in shares of VanEck Long Muni ETF (BATS:MLN) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,225 shares of the company’s stock after selling 2,055 shares during the period. Foster & Motley Inc. owned 0.10% of VanEck Long Muni ETF worth $433,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new position in VanEck Long Muni ETF during the second quarter worth $41,000. Willis Johnson & Associates Inc. boosted its holdings in shares of VanEck Long Muni ETF by 3.9% during the second quarter. Willis Johnson & Associates Inc. now owns 444,223 shares of the company’s stock worth $7,934,000 after purchasing an additional 16,539 shares during the last quarter. Elevated Capital Advisors LLC acquired a new stake in shares of VanEck Long Muni ETF during the second quarter worth $335,000. Commonwealth Equity Services LLC boosted its holdings in shares of VanEck Long Muni ETF by 396.2% during the second quarter. Commonwealth Equity Services LLC now owns 245,586 shares of the company’s stock worth $4,386,000 after purchasing an additional 196,097 shares during the last quarter. Finally, Global Financial Private Client LLC boosted its holdings in shares of VanEck Long Muni ETF by 28.0% during the second quarter. Global Financial Private Client LLC now owns 35,627 shares of the company’s stock worth $636,000 after purchasing an additional 7,787 shares during the last quarter.

VanEck Long Muni ETF Stock Performance

MLN stock opened at $18.18 on Friday. The business’s 50-day simple moving average is $18.06 and its two-hundred day simple moving average is $17.94.

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.