Park Avenue Securities LLC Grows Position in VanEck Long Muni ETF $MLN

Park Avenue Securities LLC boosted its position in shares of VanEck Long Muni ETF (BATS:MLN) by 33.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 310,273 shares of the company’s stock after acquiring an additional 77,018 shares during the quarter. Park Avenue Securities LLC’s holdings in VanEck Long Muni ETF were worth $5,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC lifted its stake in VanEck Long Muni ETF by 82.2% in the third quarter. LGT Financial Advisors LLC now owns 1,862 shares of the company’s stock worth $33,000 after purchasing an additional 840 shares during the last quarter. 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. Aptus Capital Advisors LLC raised its holdings in shares of VanEck Long Muni ETF by 410.6% in the third quarter. Aptus Capital Advisors LLC now owns 5,954 shares of the company’s stock worth $104,000 after buying an additional 4,788 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of VanEck Long Muni ETF in the second quarter worth approximately $111,000. Finally, Comerica Bank lifted its stake in shares of VanEck Long Muni ETF by 467.4% during the 3rd quarter. Comerica Bank now owns 7,149 shares of the company’s stock worth $125,000 after acquiring an additional 5,889 shares during the last quarter.

VanEck Long Muni ETF Stock Performance

MLN opened at $17.32 on Friday. The business has a fifty day moving average of $17.58 and a 200 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 firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0509 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, March 2nd.

VanEck Long Muni ETF Company 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.