Stifel Financial Corp grew its position in VanEck Long Muni ETF (BATS:MLN – Free Report) by 115.6% in the fourth quarter, Holdings Channel reports. The fund owned 497,106 shares of the company’s stock after acquiring an additional 266,546 shares during the quarter. Stifel Financial Corp’s holdings in VanEck Long Muni ETF were worth $8,888,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in VanEck Long Muni ETF in the fourth quarter valued at $59,622,000. Envestnet Asset Management Inc. grew its holdings in VanEck Long Muni ETF by 19.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 726,449 shares of the company’s stock worth $12,989,000 after acquiring an additional 119,653 shares during the period. Manhattan West Asset Management LLC grew its holdings in VanEck Long Muni ETF by 15.1% during the 4th quarter. Manhattan West Asset Management LLC now owns 661,517 shares of the company’s stock worth $11,828,000 after acquiring an additional 87,028 shares during the period. Kestra Investment Management LLC grew its holdings in VanEck Long Muni ETF by 48.9% during the 4th quarter. Kestra Investment Management LLC now owns 617,629 shares of the company’s stock worth $11,043,000 after acquiring an additional 202,781 shares during the period. Finally, CX Institutional grew its holdings in VanEck Long Muni ETF by 0.7% during the 4th quarter. CX Institutional now owns 475,494 shares of the company’s stock worth $8,502,000 after acquiring an additional 3,535 shares during the period.
VanEck Long Muni ETF Price Performance
MLN stock opened at $17.04 on Monday. The company’s 50-day moving average is $17.33 and its 200-day moving average is $17.70. VanEck Long Muni ETF has a 1 year low of $16.08 and a 1 year high of $18.34.
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.
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