Elequin Capital LP Makes New Investment in VanEck Long Muni ETF $MLN

Elequin Capital LP acquired a new stake in VanEck Long Muni ETF (BATS:MLN) during the third quarter, according to its most recent filing with the SEC. The firm acquired 37,220 shares of the company’s stock, valued at approximately $651,000. Elequin Capital LP owned about 0.12% of VanEck Long Muni ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MLN. Envestnet Asset Management Inc. lifted its stake in shares of VanEck Long Muni ETF by 41.8% during the third quarter. Envestnet Asset Management Inc. now owns 4,253,697 shares of the company’s stock valued at $74,355,000 after acquiring an additional 1,254,711 shares during the period. Bank of America Corp DE increased its position in VanEck Long Muni ETF by 17.2% in the second quarter. Bank of America Corp DE now owns 2,849,992 shares of the company’s stock worth $48,136,000 after purchasing an additional 418,415 shares during the period. Raymond James Financial Inc. increased its position in VanEck Long Muni ETF by 37.5% in the third quarter. Raymond James Financial Inc. now owns 2,720,172 shares of the company’s stock worth $47,549,000 after purchasing an additional 742,038 shares during the period. Jane Street Group LLC raised its holdings in VanEck Long Muni ETF by 291.0% during the 2nd quarter. Jane Street Group LLC now owns 1,863,224 shares of the company’s stock worth $31,470,000 after purchasing an additional 1,386,685 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in VanEck Long Muni ETF during the 3rd quarter worth about $28,681,000.

VanEck Long Muni ETF Stock Performance

VanEck Long Muni ETF stock opened at $17.56 on Friday. VanEck Long Muni ETF has a 1 year low of $16.08 and a 1 year high of $17.82. The company’s 50-day moving average is $17.59 and its two-hundred day moving average is $17.53.

VanEck Long Muni ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.0509 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

VanEck Long Muni ETF 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.