Raymond James Financial Inc. Invests $59.62 Million in VanEck Long Muni ETF (BATS:MLN)

Raymond James Financial Inc. purchased a new position in VanEck Long Muni ETF (BATS:MLN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,334,542 shares of the company’s stock, valued at approximately $59,622,000. Raymond James Financial Inc. owned approximately 13.21% of VanEck Long Muni ETF at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake in VanEck Long Muni ETF by 45.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,627 shares of the company’s stock worth $47,000 after purchasing an additional 824 shares in the last quarter. FMR LLC boosted its position in VanEck Long Muni ETF by 2,371.0% during the 3rd quarter. FMR LLC now owns 4,769 shares of the company’s stock worth $87,000 after acquiring an additional 4,576 shares during the period. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in VanEck Long Muni ETF during the 4th quarter worth about $249,000. CAP Partners LLC boosted its position in VanEck Long Muni ETF by 13.5% during the 3rd quarter. CAP Partners LLC now owns 21,121 shares of the company’s stock worth $387,000 after acquiring an additional 2,520 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in VanEck Long Muni ETF during the 4th quarter worth about $449,000.

VanEck Long Muni ETF Stock Performance

Shares of BATS MLN opened at $17.65 on Tuesday. VanEck Long Muni ETF has a one year low of $17.49 and a one year high of $18.34. The business has a 50-day moving average price of $17.77 and a two-hundred day moving average price of $17.96.

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.