VanEck CEF Municipal Income ETF (BATS:XMPT) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in VanEck CEF Municipal Income ETF (BATS:XMPT) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,811 shares of the company’s stock after selling 8,105 shares during the period. HighTower Advisors LLC’s holdings in VanEck CEF Municipal Income ETF were worth $1,760,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Riverbridge Partners LLC purchased a new stake in shares of VanEck CEF Municipal Income ETF during the fourth quarter worth about $239,000. Principal Securities Inc. grew its holdings in shares of VanEck CEF Municipal Income ETF by 157.3% during the fourth quarter. Principal Securities Inc. now owns 24,504 shares of the company’s stock worth $527,000 after buying an additional 14,980 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of VanEck CEF Municipal Income ETF by 92.1% during the third quarter. MML Investors Services LLC now owns 29,075 shares of the company’s stock worth $674,000 after buying an additional 13,943 shares in the last quarter. Park Avenue Securities LLC grew its holdings in VanEck CEF Municipal Income ETF by 113.7% in the fourth quarter. Park Avenue Securities LLC now owns 36,836 shares of the company’s stock valued at $792,000 after purchasing an additional 19,595 shares during the period. Finally, Investment Partners LTD. purchased a new stake in VanEck CEF Municipal Income ETF in the fourth quarter valued at approximately $1,104,000.

VanEck CEF Municipal Income ETF Stock Performance

VanEck CEF Municipal Income ETF stock opened at $21.77 on Monday. VanEck CEF Municipal Income ETF has a 1 year low of $20.69 and a 1 year high of $23.21. The firm has a 50 day moving average price of $21.93 and a 200 day moving average price of $22.27.

VanEck CEF Municipal Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1056 dividend. The ex-dividend date was Monday, March 3rd.

About VanEck CEF Municipal 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.