VanEck Long Muni ETF (BATS:MLN) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. reduced its stake in VanEck Long Muni ETF (BATS:MLN) by 5.9% in the fourth quarter, HoldingsChannel reports. The fund owned 22,005 shares of the company’s stock after selling 1,389 shares during the quarter. Foster & Motley Inc.’s holdings in VanEck Long Muni ETF were worth $393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MLN. Eastern Bank acquired a new stake in VanEck Long Muni ETF in the third quarter worth approximately $28,000. FMR LLC lifted its holdings in shares of VanEck Long Muni ETF by 2,371.0% in the third quarter. FMR LLC now owns 4,769 shares of the company’s stock valued at $87,000 after buying an additional 4,576 shares during the period. Transcendent Capital Group LLC boosted its stake in VanEck Long Muni ETF by 26.0% during the third quarter. Transcendent Capital Group LLC now owns 6,122 shares of the company’s stock valued at $112,000 after buying an additional 1,262 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in VanEck Long Muni ETF during the fourth quarter worth about $249,000. Finally, Stephens Inc. AR bought a new stake in VanEck Long Muni ETF in the third quarter worth about $361,000.

VanEck Long Muni ETF Price Performance

BATS:MLN opened at $17.78 on Friday. The firm’s fifty day simple moving average is $17.89 and its 200-day simple moving average is $18.01.

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.