Financial Advocates Investment Management Makes New Investment in VanEck Long Muni ETF (NYSEARCA:MLN)

Financial Advocates Investment Management purchased a new position in shares of VanEck Long Muni ETF (NYSEARCA:MLNGet Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,236 shares of the company’s stock, valued at approximately $905,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MLN. Northwestern Mutual Wealth Management Co. increased its position in shares of VanEck Long Muni ETF by 2,126.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,123 shares of the company’s stock worth $118,000 after purchasing an additional 5,848 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in shares of VanEck Long Muni ETF by 100.6% during the 2nd quarter. Meridian Wealth Management LLC now owns 25,925 shares of the company’s stock worth $458,000 after acquiring an additional 13,000 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of VanEck Long Muni ETF by 7.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 28,757 shares of the company’s stock worth $508,000 after acquiring an additional 2,026 shares in the last quarter. FOCUS Wealth Advisors LLC boosted its stake in shares of VanEck Long Muni ETF by 3.0% during the 2nd quarter. FOCUS Wealth Advisors LLC now owns 32,539 shares of the company’s stock worth $575,000 after acquiring an additional 945 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of VanEck Long Muni ETF by 4.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 31,326 shares of the company’s stock worth $607,000 after acquiring an additional 1,470 shares in the last quarter.

VanEck Long Muni ETF Stock Up 0.6 %

MLN stock opened at $17.40 on Thursday. VanEck Long Muni ETF has a 1 year low of $16.13 and a 1 year high of $21.80. The stock’s 50 day moving average price is $16.79 and its 200 day moving average price is $17.56.

VanEck Long Muni ETF Company Profile

(Get Rating)

Market Vectors Long Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Long Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more.

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Institutional Ownership by Quarter for VanEck Long Muni ETF (NYSEARCA:MLN)

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