Avidian Wealth Enterprises LLC Sells 36,110 Shares of VanEck Long Muni ETF (BATS:MLN)

Avidian Wealth Enterprises LLC trimmed its holdings in VanEck Long Muni ETF (BATS:MLN) by 36.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 61,721 shares of the company’s stock after selling 36,110 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in VanEck Long Muni ETF were worth $1,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy CG LLC grew its stake in VanEck Long Muni ETF by 14.2% during the third quarter. Legacy CG LLC now owns 263,913 shares of the company’s stock valued at $4,830,000 after acquiring an additional 32,725 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of VanEck Long Muni ETF by 74.5% in the third quarter. Janney Montgomery Scott LLC now owns 321,758 shares of the company’s stock worth $5,888,000 after purchasing an additional 137,394 shares during the last quarter. Stephens Inc. AR bought a new position in VanEck Long Muni ETF during the third quarter valued at approximately $361,000. JFS Wealth Advisors LLC purchased a new position in VanEck Long Muni ETF during the 3rd quarter valued at approximately $430,000. Finally, Hedeker Wealth LLC grew its holdings in VanEck Long Muni ETF by 214.9% during the 3rd quarter. Hedeker Wealth LLC now owns 81,521 shares of the company’s stock valued at $1,492,000 after buying an additional 55,635 shares in the last quarter.

VanEck Long Muni ETF Stock Performance

Shares of MLN opened at $17.60 on Thursday. The business’s 50-day moving average price is $18.09 and its 200 day moving average price is $17.99.

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.