HighTower Advisors LLC Reduces Position in VanEck Long Muni ETF $MLN

HighTower Advisors LLC reduced its position in VanEck Long Muni ETF (BATS:MLNFree Report) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,390,831 shares of the company’s stock after selling 106,981 shares during the quarter. HighTower Advisors LLC owned 4.35% of VanEck Long Muni ETF worth $24,312,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MLN. Park Place Capital Corp grew its stake in shares of VanEck Long Muni ETF by 34.6% during the third quarter. Park Place Capital Corp now owns 3,236 shares of the company’s stock valued at $57,000 after buying an additional 832 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in VanEck Long Muni ETF in the 2nd quarter valued at $111,000. Smartleaf Asset Management LLC purchased a new stake in VanEck Long Muni ETF in the third quarter worth $137,000. Tandem Financial LLC purchased a new stake in VanEck Long Muni ETF in the third quarter worth $216,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of VanEck Long Muni ETF during the second quarter worth $209,000.

VanEck Long Muni ETF Stock Performance

BATS MLN opened at $17.63 on Thursday. VanEck Long Muni ETF has a 12 month low of $16.08 and a 12 month high of $18.00. The company’s 50-day moving average price is $17.57 and its 200-day moving average price is $17.43.

VanEck Long Muni ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0577 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from VanEck Long Muni ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, February 2nd.

About VanEck Long Muni ETF

(Free Report)

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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Institutional Ownership by Quarter for VanEck Long Muni ETF (BATS:MLN)

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