NewEdge Wealth LLC Acquires New Stake in VanEck Long Muni ETF (BATS:MLN)

NewEdge Wealth LLC acquired a new stake in VanEck Long Muni ETF (BATS:MLN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 215,911 shares of the company’s stock, valued at approximately $3,860,000. NewEdge Wealth LLC owned 0.86% of VanEck Long Muni ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MLN. HighTower Advisors LLC boosted its position in VanEck Long Muni ETF by 14.6% during the third quarter. HighTower Advisors LLC now owns 1,672,192 shares of the company’s stock valued at $30,604,000 after acquiring an additional 213,478 shares during the last quarter. Kestra Investment Management LLC boosted its position in VanEck Long Muni ETF by 48.9% during the fourth quarter. Kestra Investment Management LLC now owns 617,629 shares of the company’s stock valued at $11,043,000 after acquiring an additional 202,781 shares during the last quarter. CX Institutional boosted its position in VanEck Long Muni ETF by 0.7% during the fourth quarter. CX Institutional now owns 475,494 shares of the company’s stock valued at $8,502,000 after acquiring an additional 3,535 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in VanEck Long Muni ETF by 6.9% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 435,574 shares of the company’s stock valued at $7,788,000 after acquiring an additional 28,250 shares during the last quarter. Finally, ABLE Financial Group LLC boosted its position in VanEck Long Muni ETF by 2.6% during the third quarter. ABLE Financial Group LLC now owns 392,002 shares of the company’s stock valued at $7,174,000 after acquiring an additional 9,824 shares during the last quarter.

VanEck Long Muni ETF Trading Up 2.7 %

Shares of MLN opened at $17.99 on Friday. The firm’s 50 day moving average price is $17.78 and its two-hundred day moving average price is $17.97.

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.