Tortoise Investment Management LLC Raises Stake in VanEck Long Muni ETF $MLN

Tortoise Investment Management LLC increased its position in VanEck Long Muni ETF (BATS:MLN) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,387 shares of the company’s stock after acquiring an additional 37,530 shares during the period. Tortoise Investment Management LLC owned approximately 1.99% of VanEck Long Muni ETF worth $11,279,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MLN. Private Advisor Group LLC lifted its position in VanEck Long Muni ETF by 2.0% during the third quarter. Private Advisor Group LLC now owns 34,057 shares of the company’s stock worth $595,000 after buying an additional 656 shares during the period. Allworth Financial LP boosted its holdings in VanEck Long Muni ETF by 1.5% in the fourth quarter. Allworth Financial LP now owns 49,744 shares of the company’s stock valued at $872,000 after acquiring an additional 741 shares during the last quarter. LGT Financial Advisors LLC boosted its holdings in VanEck Long Muni ETF by 82.2% in the third quarter. LGT Financial Advisors LLC now owns 1,862 shares of the company’s stock valued at $33,000 after acquiring an additional 840 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in VanEck Long Muni ETF by 5.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 21,798 shares of the company’s stock valued at $382,000 after acquiring an additional 1,063 shares during the period. Finally, CAP Partners LLC grew its position in VanEck Long Muni ETF by 4.4% during the first quarter. CAP Partners LLC now owns 28,358 shares of the company’s stock valued at $495,000 after acquiring an additional 1,190 shares during the period.

VanEck Long Muni ETF Stock Performance

VanEck Long Muni ETF stock opened at $16.86 on Thursday. The stock’s 50-day moving average is $17.42 and its 200-day moving average is $17.52. VanEck Long Muni ETF has a 12 month low of $16.86 and a 12 month high of $17.82.

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.