Avidian Wealth Enterprises LLC Decreases Stake in VanEck Long Muni ETF (BATS:MLN)

Avidian Wealth Enterprises LLC lessened its holdings in VanEck Long Muni ETF (BATS:MLN) by 46.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,214 shares of the company’s stock after selling 28,507 shares during the period. Avidian Wealth Enterprises LLC’s holdings in VanEck Long Muni ETF were worth $594,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MLN. Eastern Bank bought a new stake in VanEck Long Muni ETF during the third quarter worth $28,000. FMR LLC increased its position in shares of VanEck Long Muni ETF by 2,371.0% during the 3rd quarter. FMR LLC now owns 4,769 shares of the company’s stock valued at $87,000 after purchasing an additional 4,576 shares during the last quarter. Transcendent Capital Group LLC raised its stake in shares of VanEck Long Muni ETF by 26.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 6,122 shares of the company’s stock worth $112,000 after purchasing an additional 1,262 shares during the period. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of VanEck Long Muni ETF in the 4th quarter worth about $249,000. Finally, Stephens Inc. AR purchased a new position in shares of VanEck Long Muni ETF in the 3rd quarter worth about $361,000.

VanEck Long Muni ETF Price Performance

BATS MLN opened at $17.66 on Thursday. The stock’s 50-day moving average is $17.84 and its 200-day moving average is $18.00.

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.