PNC Financial Services Group Inc. acquired a new position in shares of VanEck Long Muni ETF (BATS:MLN – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,034 shares of the company’s stock, valued at approximately $36,000.
Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of VanEck Long Muni ETF in the fourth quarter worth approximately $59,622,000. HighTower Advisors LLC boosted its stake in VanEck Long Muni ETF by 14.6% in the 3rd quarter. HighTower Advisors LLC now owns 1,672,192 shares of the company’s stock worth $30,604,000 after purchasing an additional 213,478 shares during the period. Kestra Investment Management LLC grew its position in VanEck Long Muni ETF by 48.9% during the 4th quarter. Kestra Investment Management LLC now owns 617,629 shares of the company’s stock worth $11,043,000 after purchasing an additional 202,781 shares in the last quarter. CX Institutional raised its stake in VanEck Long Muni ETF by 0.7% during the 4th quarter. CX Institutional now owns 475,494 shares of the company’s stock valued at $8,502,000 after purchasing an additional 3,535 shares during the period. Finally, Cyndeo Wealth Partners LLC lifted its holdings in shares of VanEck Long Muni ETF by 6.9% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 435,574 shares of the company’s stock valued at $7,788,000 after purchasing an additional 28,250 shares in the last quarter.
VanEck Long Muni ETF Stock Down 1.8 %
Shares of VanEck Long Muni ETF stock opened at $17.21 on Friday. VanEck Long Muni ETF has a 12 month low of $17.19 and a 12 month high of $18.34. The business has a fifty day simple moving average of $17.70 and a 200-day simple moving average of $17.90.
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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