VanEck Long Muni ETF $MLN Shares Bought by Kestra Investment Management LLC

Kestra Investment Management LLC raised its stake in VanEck Long Muni ETF (BATS:MLN) by 28.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,244,274 shares of the company’s stock after buying an additional 502,142 shares during the quarter. Kestra Investment Management LLC owned 0.07% of VanEck Long Muni ETF worth $39,344,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC boosted its position in shares of VanEck Long Muni ETF by 33.0% during the fourth quarter. Park Avenue Securities LLC now owns 310,273 shares of the company’s stock worth $5,439,000 after buying an additional 77,018 shares during the period. ABLE Financial Group LLC boosted its position in shares of VanEck Long Muni ETF by 12.8% during the fourth quarter. ABLE Financial Group LLC now owns 610,501 shares of the company’s stock worth $10,703,000 after buying an additional 69,344 shares during the period. Elequin Capital LP acquired a new position in shares of VanEck Long Muni ETF during the third quarter worth approximately $651,000. World Investment Advisors acquired a new position in shares of VanEck Long Muni ETF during the fourth quarter worth approximately $1,144,000. Finally, Westside Investment Management Inc. boosted its position in shares of VanEck Long Muni ETF by 32.0% during the fourth quarter. Westside Investment Management Inc. now owns 213,626 shares of the company’s stock worth $3,745,000 after buying an additional 51,830 shares during the period.

VanEck Long Muni ETF Stock Performance

Shares of BATS MLN opened at $17.33 on Tuesday. The stock has a 50 day simple moving average of $17.53 and a 200-day simple moving average of $17.56. VanEck Long Muni ETF has a 12-month low of $16.50 and a 12-month high of $17.82.

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.