Global Financial Private Client LLC Decreases Position in VanEck Long Muni ETF (BATS:MLN)

Global Financial Private Client LLC trimmed its holdings in shares of VanEck Long Muni ETF (BATS:MLN) by 5.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 44,776 shares of the company’s stock after selling 2,618 shares during the period. Global Financial Private Client LLC’s holdings in VanEck Long Muni ETF were worth $779,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in shares of VanEck Long Muni ETF in the 4th quarter valued at about $36,000. Parkside Financial Bank & Trust grew its holdings in shares of VanEck Long Muni ETF by 45.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,627 shares of the company’s stock worth $47,000 after purchasing an additional 824 shares during the last quarter. GeoWealth Management LLC bought a new position in shares of VanEck Long Muni ETF in the fourth quarter worth approximately $58,000. Concourse Financial Group Securities Inc. increased its stake in shares of VanEck Long Muni ETF by 34.3% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 3,330 shares of the company’s stock worth $59,000 after buying an additional 850 shares during the period. Finally, Colonial Trust Co SC bought a new stake in VanEck Long Muni ETF during the 4th quarter valued at $78,000.

VanEck Long Muni ETF Price Performance

Shares of MLN opened at $16.89 on Friday. VanEck Long Muni ETF has a twelve month low of $16.08 and a twelve month high of $18.34. The firm has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $17.54.

About VanEck Long Muni ETF

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.