Kestra Investment Management LLC boosted its holdings in VanEck Long Muni ETF (BATS:MLN – Free Report) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,066,545 shares of the company’s stock after acquiring an additional 98,547 shares during the period. VanEck Long Muni ETF accounts for about 1.3% of Kestra Investment Management LLC’s investment portfolio, making the stock its 22nd largest position. Kestra Investment Management LLC owned about 9.07% of VanEck Long Muni ETF worth $66,386,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Eastern Bank acquired a new position in VanEck Long Muni ETF during the third quarter worth about $25,000. Western Wealth Management LLC purchased a new stake in shares of VanEck Long Muni ETF in the first quarter valued at about $31,000. Glen Eagle Advisors LLC purchased a new stake in shares of VanEck Long Muni ETF in the first quarter valued at about $91,000. Latitude Advisors LLC purchased a new stake in shares of VanEck Long Muni ETF in the third quarter valued at about $98,000. Finally, Farther Finance Advisors LLC grew its position in shares of VanEck Long Muni ETF by 104.7% in the third quarter. Farther Finance Advisors LLC now owns 6,320 shares of the company’s stock valued at $103,000 after purchasing an additional 3,233 shares during the last quarter.
VanEck Long Muni ETF Trading Up 0.1%
MLN stock opened at $17.08 on Tuesday. The company’s 50 day simple moving average is $16.65 and its 200-day simple moving average is $17.33. VanEck Long Muni ETF has a 12 month low of $16.04 and a 12 month high of $17.82.
VanEck Long Muni ETF Company 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.
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