VCI Wealth Management LLC Boosts Stake in VanEck Long Muni ETF $MLN

VCI Wealth Management LLC raised its holdings in shares of VanEck Long Muni ETF (BATS:MLN) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,645 shares of the company’s stock after buying an additional 765 shares during the quarter. VCI Wealth Management LLC owned about 0.07% of VanEck Long Muni ETF worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Place Capital Corp purchased a new position in VanEck Long Muni ETF during the second quarter worth about $40,000. MAI Capital Management purchased a new position in VanEck Long Muni ETF during the first quarter worth about $70,000. Elequin Capital LP purchased a new position in VanEck Long Muni ETF during the first quarter worth about $114,000. CW Advisors LLC purchased a new position in VanEck Long Muni ETF during the first quarter worth about $184,000. Finally, Concurrent Investment Advisors LLC purchased a new position in VanEck Long Muni ETF during the first quarter worth about $188,000.

VanEck Long Muni ETF Stock Performance

VanEck Long Muni ETF stock opened at $17.74 on Tuesday. VanEck Long Muni ETF has a 52 week low of $16.08 and a 52 week high of $18.34. The business has a 50-day simple moving average of $17.23 and a 200 day simple moving average of $16.97.

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.