NewEdge Wealth LLC Invests $3.86 Million in VanEck Long Muni ETF (BATS:MLN)

NewEdge Wealth LLC acquired a new position in shares of VanEck Long Muni ETF (BATS:MLN) during the fourth quarter, Holdings Channel reports. The fund acquired 215,911 shares of the company’s stock, valued at approximately $3,860,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of VanEck Long Muni ETF by 12.0% during the 4th quarter. Allworth Financial LP now owns 36,330 shares of the company’s stock worth $644,000 after purchasing an additional 3,898 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of VanEck Long Muni ETF during the 4th quarter worth about $449,000. Jane Street Group LLC bought a new position in shares of VanEck Long Muni ETF during the 3rd quarter worth about $1,400,000. JPMorgan Chase & Co. boosted its position in shares of VanEck Long Muni ETF by 153.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,432 shares of the company’s stock worth $594,000 after purchasing an additional 19,626 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of VanEck Long Muni ETF by 6.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 341,094 shares of the company’s stock worth $6,099,000 after purchasing an additional 19,336 shares in the last quarter.

VanEck Long Muni ETF Trading Up 2.7 %

Shares of BATS MLN opened at $17.99 on Friday. The company has a fifty day simple moving average of $17.78 and a 200-day simple moving average of $17.97.

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.