VanEck Long Muni ETF (BATS:MLN) Position Boosted by Raymond James & Associates

Raymond James & Associates increased its position in VanEck Long Muni ETF (BATS:MLN) by 56.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,427,963 shares of the company’s stock after purchasing an additional 1,232,833 shares during the period. Raymond James & Associates owned 0.14% of VanEck Long Muni ETF worth $62,732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in shares of VanEck Long Muni ETF during the fourth quarter worth $126,000. GAMMA Investing LLC bought a new position in VanEck Long Muni ETF in the first quarter worth about $56,000. Bowman & Co S.C. acquired a new position in VanEck Long Muni ETF in the first quarter valued at approximately $980,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of VanEck Long Muni ETF by 84.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 266,148 shares of the company’s stock valued at $4,793,000 after purchasing an additional 122,067 shares during the last quarter. Finally, CAP Partners LLC bought a new position in shares of VanEck Long Muni ETF during the first quarter valued at approximately $270,000.

VanEck Long Muni ETF Stock Performance

Shares of BATS MLN opened at $18.05 on Tuesday. The business has a 50-day moving average of $18.15 and a 200 day moving average of $17.98.

About VanEck Long Muni ETF

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.