Keystone Financial Group Trims Stake in VanEck Long Muni ETF $MLN

Keystone Financial Group reduced its position in VanEck Long Muni ETF (BATS:MLN) by 16.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 312,605 shares of the company’s stock after selling 62,473 shares during the period. Keystone Financial Group’s holdings in VanEck Long Muni ETF were worth $5,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of VanEck Long Muni ETF by 41.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,253,697 shares of the company’s stock valued at $74,355,000 after purchasing an additional 1,254,711 shares during the last quarter. Bank of America Corp DE raised its stake in VanEck Long Muni ETF by 17.2% during the 2nd quarter. Bank of America Corp DE now owns 2,849,992 shares of the company’s stock valued at $48,136,000 after acquiring an additional 418,415 shares during the last quarter. Raymond James Financial Inc. raised its stake in VanEck Long Muni ETF by 37.5% during the 3rd quarter. Raymond James Financial Inc. now owns 2,720,172 shares of the company’s stock valued at $47,549,000 after acquiring an additional 742,038 shares during the last quarter. Jane Street Group LLC raised its stake 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 valued at $31,470,000 after acquiring an additional 1,386,685 shares during the last quarter. Finally, Kestra Investment Management LLC raised its stake in VanEck Long Muni ETF by 9.8% during the 3rd quarter. Kestra Investment Management LLC now owns 1,742,132 shares of the company’s stock valued at $30,452,000 after acquiring an additional 155,473 shares during the last quarter.

VanEck Long Muni ETF Stock Up 0.1%

MLN opened at $17.32 on Friday. The business has a 50 day moving average price of $17.53 and a two-hundred day moving average price of $17.57. VanEck Long Muni ETF has a 52 week low of $16.50 and a 52 week high of $17.82.

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.