Bank of New York Mellon Corp Purchases 41,560 Shares of VanEck Long Muni ETF $MLN

Bank of New York Mellon Corp increased its position in VanEck Long Muni ETF (BATS:MLN) by 2.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,479,676 shares of the company’s stock after purchasing an additional 41,560 shares during the period. Bank of New York Mellon Corp’s holdings in VanEck Long Muni ETF were worth $25,806,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital Investment Advisory Services LLC bought a new stake in shares of VanEck Long Muni ETF in the fourth quarter worth about $25,000. Cornerstone Planning Group LLC grew its position in shares of VanEck Long Muni ETF by 63.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,674 shares of the company’s stock worth $29,000 after buying an additional 652 shares during the last quarter. LGT Financial Advisors LLC grew its position in shares of VanEck Long Muni ETF by 82.2% in the 3rd quarter. LGT Financial Advisors LLC now owns 1,862 shares of the company’s stock worth $33,000 after buying an additional 840 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of VanEck Long Muni ETF during the fourth quarter valued at approximately $34,000. Finally, Ascentis Independent Advisors purchased a new position in shares of VanEck Long Muni ETF during the first quarter valued at approximately $88,000.

VanEck Long Muni ETF Stock Performance

Shares of VanEck Long Muni ETF stock opened at $17.44 on Tuesday. The business has a 50 day moving average of $17.60 and a 200 day moving average of $17.58. VanEck Long Muni ETF has a 52 week low of $16.52 and a 52 week high of $17.82.

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.