6,900 Shares in VanEck Long Muni ETF (BATS:MLN) Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. acquired a new position in VanEck Long Muni ETF (BATS:MLN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,900 shares of the company’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MLN. Redhawk Wealth Advisors Inc. bought a new stake in shares of VanEck Long Muni ETF in the 4th quarter worth approximately $200,000. AlphaQ Advisors LLC lifted its position in shares of VanEck Long Muni ETF by 272.1% during the 4th quarter. AlphaQ Advisors LLC now owns 158,683 shares of the company’s stock valued at $2,896,000 after buying an additional 116,036 shares during the last quarter. Westside Investment Management Inc. bought a new position in shares of VanEck Long Muni ETF during the 4th quarter worth $477,000. Avantax Advisory Services Inc. increased its holdings in VanEck Long Muni ETF by 134.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 42,826 shares of the company’s stock worth $782,000 after acquiring an additional 24,528 shares during the last quarter. Finally, Willis Johnson & Associates Inc. bought a new stake in VanEck Long Muni ETF in the 4th quarter valued at about $7,061,000.

VanEck Long Muni ETF Price Performance

Shares of BATS:MLN opened at $17.90 on Friday. The stock’s fifty day simple moving average is $17.85 and its 200-day simple moving average is $17.94.

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.