Elmwood Wealth Management Inc. Sells 132,658 Shares of VanEck Long Muni ETF $MLN

Elmwood Wealth Management Inc. reduced its position in VanEck Long Muni ETF (BATS:MLN) by 75.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,970 shares of the company’s stock after selling 132,658 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in VanEck Long Muni ETF were worth $769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp boosted its position in shares of VanEck Long Muni ETF by 34.6% during the 3rd quarter. Park Place Capital Corp now owns 3,236 shares of the company’s stock worth $57,000 after acquiring an additional 832 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in VanEck Long Muni ETF during the second quarter worth $111,000. Smartleaf Asset Management LLC acquired a new stake in shares of VanEck Long Muni ETF in the 3rd quarter valued at $137,000. Tandem Financial LLC acquired a new stake in shares of VanEck Long Muni ETF in the 3rd quarter valued at $216,000. Finally, Diversify Advisory Services LLC bought a new position in shares of VanEck Long Muni ETF in the 2nd quarter valued at $209,000.

VanEck Long Muni ETF Price Performance

VanEck Long Muni ETF stock opened at $17.57 on Thursday. The stock has a fifty day moving average of $17.55 and a 200-day moving average of $17.39. VanEck Long Muni ETF has a 52 week low of $16.08 and a 52 week high of $18.00.

VanEck Long Muni ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.0577 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from VanEck Long Muni ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, February 2nd.

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.