Bank of America Corp DE Lowers Position in VanEck Long Muni ETF (BATS:MLN)

Bank of America Corp DE reduced its stake in VanEck Long Muni ETF (BATS:MLN) by 33.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,191,704 shares of the company’s stock after selling 1,090,797 shares during the quarter. Bank of America Corp DE owned approximately 8.68% of VanEck Long Muni ETF worth $39,188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in VanEck Long Muni ETF in the 4th quarter valued at $36,000. Parkside Financial Bank & Trust increased its position in shares of VanEck Long Muni ETF by 45.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,627 shares of the company’s stock valued at $47,000 after purchasing an additional 824 shares during the last quarter. GeoWealth Management LLC purchased a new stake in shares of VanEck Long Muni ETF during the 4th quarter valued at $58,000. Concourse Financial Group Securities Inc. increased its position in shares of VanEck Long Muni ETF by 34.3% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 3,330 shares of the company’s stock valued at $59,000 after purchasing an additional 850 shares during the last quarter. Finally, Comerica Bank increased its position in shares of VanEck Long Muni ETF by 88.7% during the 4th quarter. Comerica Bank now owns 5,532 shares of the company’s stock valued at $99,000 after purchasing an additional 2,601 shares during the last quarter.

VanEck Long Muni ETF Stock Down 2.6%

Shares of VanEck Long Muni ETF stock opened at $17.07 on Friday. The stock has a fifty day moving average price of $17.12 and a 200-day moving average price of $17.61. VanEck Long Muni ETF has a 1 year low of $16.08 and a 1 year high of $18.34.

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.