VanEck Long Muni ETF $MLN Stock: ABLE Financial Group LLC Cuts Stake

ABLE Financial Group LLC lessened its stake in VanEck Long Muni ETF (BATS:MLN) by 28.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,252 shares of the company’s stock after selling 163,810 shares during the quarter. VanEck Long Muni ETF comprises approximately 1.0% of ABLE Financial Group LLC’s investment portfolio, making the stock its 25th biggest holding. ABLE Financial Group LLC owned approximately 1.29% of VanEck Long Muni ETF worth $6,730,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Legacy Wealth Managment LLC ID bought a new stake in shares of VanEck Long Muni ETF during the second quarter valued at approximately $1,247,000. Meadowbrook Advisors Group LLC acquired a new stake in shares of VanEck Long Muni ETF in the fourth quarter valued at approximately $1,367,000. Tortoise Investment Management LLC raised its position in VanEck Long Muni ETF by 6.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 634,387 shares of the company’s stock worth $11,279,000 after purchasing an additional 37,530 shares during the last quarter. World Investment Advisors bought a new position in VanEck Long Muni ETF in the 4th quarter worth approximately $1,144,000. Finally, WBH Advisory Inc. raised its position in VanEck Long Muni ETF by 126.9% in the 1st quarter. WBH Advisory Inc. now owns 61,132 shares of the company’s stock worth $1,068,000 after purchasing an additional 34,191 shares during the last quarter.

VanEck Long Muni ETF Stock Down 0.4%

BATS:MLN traded down $0.06 during trading hours on Wednesday, hitting $16.35. 381,071 shares of the stock were exchanged, compared to its average volume of 356,666. The company’s 50 day moving average is $16.88 and its two-hundred day moving average is $17.33. VanEck Long Muni ETF has a twelve month low of $16.04 and a twelve 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.