Confluence Investment Management LLC Acquires New Position in VanEck Long Muni ETF (BATS:MLN)

Confluence Investment Management LLC bought a new position in shares of VanEck Long Muni ETF (BATS:MLN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 205,938 shares of the company’s stock, valued at approximately $3,682,000. Confluence Investment Management LLC owned about 0.82% of VanEck Long Muni ETF at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Eastern Bank acquired a new position in shares of VanEck Long Muni ETF in the third quarter valued at about $28,000. Larson Financial Group LLC acquired a new position in VanEck Long Muni ETF in the 2nd quarter worth approximately $41,000. FMR LLC raised its position in VanEck Long Muni ETF by 2,371.0% during the 3rd quarter. FMR LLC now owns 4,769 shares of the company’s stock worth $87,000 after buying an additional 4,576 shares during the last quarter. Transcendent Capital Group LLC boosted its holdings in shares of VanEck Long Muni ETF by 26.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 6,122 shares of the company’s stock valued at $112,000 after acquiring an additional 1,262 shares during the last quarter. Finally, Choreo LLC acquired a new stake in shares of VanEck Long Muni ETF in the second quarter worth $217,000.

VanEck Long Muni ETF Price Performance

Shares of VanEck Long Muni ETF stock opened at $17.85 on Friday. The business’s 50-day simple moving average is $17.97 and its two-hundred day simple moving average is $18.04.

VanEck Long Muni ETF 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.