Confluence Investment Management LLC Has $2.75 Million Stock Position in VanEck Long Muni ETF $MLN

Confluence Investment Management LLC reduced its position in shares of VanEck Long Muni ETF (BATS:MLN) by 31.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 157,054 shares of the company’s stock after selling 71,220 shares during the quarter. Confluence Investment Management LLC’s holdings in VanEck Long Muni ETF were worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MLN. Envestnet Asset Management Inc. raised its stake in shares of VanEck Long Muni ETF by 41.8% during the third quarter. Envestnet Asset Management Inc. now owns 4,253,697 shares of the company’s stock worth $74,355,000 after buying an additional 1,254,711 shares during the last quarter. Bank of America Corp DE boosted its stake in VanEck Long Muni ETF by 17.2% in the second quarter. Bank of America Corp DE now owns 2,849,992 shares of the company’s stock valued at $48,136,000 after acquiring an additional 418,415 shares during the last quarter. Raymond James Financial Inc. boosted its stake in VanEck Long Muni ETF by 37.5% in the third quarter. Raymond James Financial Inc. now owns 2,720,172 shares of the company’s stock valued at $47,549,000 after acquiring an additional 742,038 shares during the last quarter. Jane Street Group LLC grew its holdings in VanEck Long Muni ETF by 291.0% during the 2nd quarter. Jane Street Group LLC now owns 1,863,224 shares of the company’s stock worth $31,470,000 after acquiring an additional 1,386,685 shares during the period. Finally, Kestra Investment Management LLC grew its holdings in VanEck Long Muni ETF by 9.8% during the 3rd quarter. Kestra Investment Management LLC now owns 1,742,132 shares of the company’s stock worth $30,452,000 after acquiring an additional 155,473 shares during the period.

VanEck Long Muni ETF Trading Down 1.3%

Shares of VanEck Long Muni ETF stock opened at $17.32 on Friday. The firm has a fifty day moving average of $17.58 and a two-hundred day moving average of $17.55. VanEck Long Muni ETF has a 52 week low of $16.08 and a 52 week high of $17.82.

VanEck Long Muni ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.0509 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.