VanEck CEF Muni Income ETF (BATS:XMPT) Stock Falls 0.4% – What’s Next?

VanEck CEF Muni Income ETF (BATS:XMPT) shares dropped 0.4% on Monday. The stock traded as low as $19.09 and last traded at $19.16. Approximately 38,426 shares traded hands during trading, a decline of 35% from the average session volume of 59,221 shares. The stock had previously closed at $19.24.

VanEck CEF Muni Income ETF Stock Performance

The firm’s 50 day moving average is $20.61 and its 200-day moving average is $21.40.

Institutional Investors Weigh In On VanEck CEF Muni Income ETF

Several institutional investors have recently made changes to their positions in XMPT. Bank of America Corp DE increased its position in VanEck CEF Muni Income ETF by 0.3% during the first quarter. Bank of America Corp DE now owns 489,769 shares of the company’s stock worth $10,530,000 after buying an additional 1,258 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of VanEck CEF Muni Income ETF by 9.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 16,139 shares of the company’s stock worth $361,000 after buying an additional 1,436 shares during the period. IFP Advisors Inc purchased a new position in shares of VanEck CEF Muni Income ETF in the second quarter valued at $51,000. International Assets Investment Management LLC purchased a new stake in shares of VanEck CEF Muni Income ETF during the first quarter worth about $54,000. Finally, NewEdge Advisors LLC acquired a new position in shares of VanEck CEF Muni Income ETF in the 2nd quarter valued at approximately $57,000.

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.