VanEck Long Muni ETF (BATS:MLN) Stake Cut by Gateway Advisory LLC

Gateway Advisory LLC decreased its holdings in VanEck Long Muni ETF (BATS:MLN) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 480,646 shares of the company’s stock after selling 44,839 shares during the period. VanEck Long Muni ETF comprises 1.5% of Gateway Advisory LLC’s portfolio, making the stock its 17th largest holding. Gateway Advisory LLC owned about 1.90% of VanEck Long Muni ETF worth $8,584,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Larson Financial Group LLC acquired a new stake in VanEck Long Muni ETF during the second quarter valued at $41,000. Concourse Financial Group Securities Inc. lifted its holdings in shares of VanEck Long Muni ETF by 84.7% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 2,468 shares of the company’s stock valued at $44,000 after buying an additional 1,132 shares during the last quarter. Aspire Private Capital LLC grew its stake in shares of VanEck Long Muni ETF by 74.2% in the 2nd quarter. Aspire Private Capital LLC now owns 2,488 shares of the company’s stock valued at $44,000 after buying an additional 1,060 shares in the last quarter. Comerica Bank increased its holdings in VanEck Long Muni ETF by 10,816.0% in the first quarter. Comerica Bank now owns 2,729 shares of the company’s stock worth $49,000 after buying an additional 2,704 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in VanEck Long Muni ETF during the first quarter valued at approximately $56,000.

VanEck Long Muni ETF Stock Down 0.1 %

MLN stock opened at $18.23 on Tuesday. The business has a 50 day simple moving average of $18.12 and a 200 day simple moving average of $17.95.

VanEck Long Muni ETF 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.