Meridian Wealth Management LLC Makes New Investment in VanEck Vectors Long Municipal Index ETF (NYSEARCA:MLN)

Meridian Wealth Management LLC acquired a new position in VanEck Vectors Long Municipal Index ETF (NYSEARCA:MLN) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 10,148 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also modified their holdings of the business. Rehmann Capital Advisory Group raised its stake in VanEck Vectors Long Municipal Index ETF by 42,096.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 13,503 shares of the company’s stock worth $274,000 after purchasing an additional 13,471 shares in the last quarter. Tortoise Investment Management LLC raised its stake in VanEck Vectors Long Municipal Index ETF by 22.4% in the 1st quarter. Tortoise Investment Management LLC now owns 13,648 shares of the company’s stock worth $277,000 after purchasing an additional 2,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in VanEck Vectors Long Municipal Index ETF by 4.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 155,164 shares of the company’s stock worth $3,151,000 after purchasing an additional 6,839 shares in the last quarter. Confluence Investment Management LLC raised its stake in VanEck Vectors Long Municipal Index ETF by 1.5% in the 1st quarter. Confluence Investment Management LLC now owns 455,019 shares of the company’s stock worth $9,241,000 after purchasing an additional 6,934 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in VanEck Vectors Long Municipal Index ETF in the 4th quarter worth about $653,000.

VanEck Vectors Long Municipal Index ETF stock remained flat at $$20.89 during midday trading on Wednesday. 525 shares of the company’s stock traded hands, compared to its average volume of 40,965. VanEck Vectors Long Municipal Index ETF has a twelve month low of $18.89 and a twelve month high of $20.90. The company’s fifty day simple moving average is $20.76.

VanEck Vectors Long Municipal Index ETF Profile

Market Vectors Long Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Long Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more.

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Institutional Ownership by Quarter for VanEck Vectors Long Municipal Index ETF (NYSEARCA:MLN)

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