Piedmont Capital Management LLC Makes New $2.54 Million Investment in VanEck CEF Muni Income ETF $XMPT

Piedmont Capital Management LLC acquired a new stake in VanEck CEF Muni Income ETF (BATS:XMPT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 113,754 shares of the company’s stock, valued at approximately $2,541,000. VanEck CEF Muni Income ETF makes up about 1.3% of Piedmont Capital Management LLC’s portfolio, making the stock its 13th largest holding. Piedmont Capital Management LLC owned approximately 1.41% of VanEck CEF Muni Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XMPT. Advisory Services Network LLC acquired a new position in VanEck CEF Muni Income ETF during the 3rd quarter worth $26,000. Kestra Advisory Services LLC acquired a new stake in VanEck CEF Muni Income ETF in the 4th quarter valued at about $50,000. International Assets Investment Management LLC purchased a new position in shares of VanEck CEF Muni Income ETF in the 1st quarter valued at about $54,000. Wells Fargo & Company MN purchased a new position in shares of VanEck CEF Muni Income ETF in the 4th quarter valued at about $158,000. Finally, Comerica Bank purchased a new position in shares of VanEck CEF Muni Income ETF in the 3rd quarter valued at about $183,000.

VanEck CEF Muni Income ETF Price Performance

Shares of VanEck CEF Muni Income ETF stock opened at $21.51 on Tuesday. The business has a 50-day simple moving average of $21.83 and a 200-day simple moving average of $21.88. VanEck CEF Muni Income ETF has a one year low of $20.82 and a one year high of $22.66.

VanEck CEF Muni Income ETF Company Profile

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.