VanEck CEF Muni Income ETF (BATS:XMPT) Trading Down 0.6% – Here’s What Happened

VanEck CEF Muni Income ETF (BATS:XMPT)’s share price traded down 0.6% during mid-day trading on Monday . The company traded as low as $21.38 and last traded at $21.41. Approximately 128,214 shares traded hands during trading, an increase of 149% from the average session volume of 51,555 shares. The stock had previously closed at $21.54.

VanEck CEF Muni Income ETF Stock Up 0.1%

The firm’s 50-day simple moving average is $21.94 and its 200 day simple moving average is $21.95.

Hedge Funds Weigh In On VanEck CEF Muni Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC raised its stake in VanEck CEF Muni Income ETF by 9.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 16,139 shares of the company’s stock valued at $361,000 after acquiring an additional 1,436 shares in the last quarter. Bank of America Corp DE boosted its position in VanEck CEF Muni Income ETF by 0.3% during the 1st quarter. Bank of America Corp DE now owns 489,769 shares of the company’s stock worth $10,530,000 after acquiring an additional 1,258 shares during the period. Royal Bank of Canada grew its stake in shares of VanEck CEF Muni Income ETF by 3.1% in the first quarter. Royal Bank of Canada now owns 151,209 shares of the company’s stock worth $3,251,000 after purchasing an additional 4,508 shares in the last quarter. Assetmark Inc. bought a new position in shares of VanEck CEF Muni Income ETF in the first quarter worth $189,000. Finally, International Assets Investment Management LLC acquired a new position in shares of VanEck CEF Muni Income ETF during the first quarter valued at $54,000.

About VanEck CEF Muni Income ETF

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.