Confluence Investment Management LLC Trims Stock Position in VanEck Long Muni ETF $MLN

Confluence Investment Management LLC lessened its holdings in VanEck Long Muni ETF (BATS:MLN) by 69.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,847 shares of the company’s stock after selling 118,106 shares during the period. Confluence Investment Management LLC’s holdings in VanEck Long Muni ETF were worth $922,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ABLE Financial Group LLC increased its holdings in VanEck Long Muni ETF by 12.8% during the fourth quarter. ABLE Financial Group LLC now owns 610,501 shares of the company’s stock valued at $10,703,000 after buying an additional 69,344 shares during the last quarter. World Investment Advisors bought a new position in VanEck Long Muni ETF in the fourth quarter worth approximately $1,144,000. Total Clarity Wealth Management Inc. purchased a new position in shares of VanEck Long Muni ETF during the 4th quarter worth $2,053,000. Kestra Investment Management LLC boosted its stake in shares of VanEck Long Muni ETF by 28.8% during the 4th quarter. Kestra Investment Management LLC now owns 2,244,274 shares of the company’s stock worth $39,344,000 after acquiring an additional 502,142 shares during the last quarter. Finally, Meadowbrook Advisors Group LLC bought a new stake in shares of VanEck Long Muni ETF during the 4th quarter valued at $1,367,000.

VanEck Long Muni ETF Price Performance

Shares of MLN stock opened at $17.42 on Wednesday. VanEck Long Muni ETF has a 1 year low of $16.72 and a 1 year high of $17.82. The firm has a fifty day moving average price of $17.60 and a 200-day moving average price of $17.57.

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.