JPMorgan Chase & Co. Lowers Stock Holdings in VanEck Long Muni ETF $MLN

JPMorgan Chase & Co. cut its position in VanEck Long Muni ETF (BATS:MLN) by 26.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,019 shares of the company’s stock after selling 111,825 shares during the quarter. JPMorgan Chase & Co. owned 0.95% of VanEck Long Muni ETF worth $5,314,000 as of its most recent filing with the Securities and Exchange Commission.

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

VanEck Long Muni ETF Price Performance

BATS MLN opened at $17.47 on Thursday. The firm has a 50 day simple moving average of $17.55 and a 200-day simple moving average of $17.57. VanEck Long Muni ETF has a one year low of $16.08 and a one year 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. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0509 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a 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.