Colonial Trust Co SC Buys New Stake in VanEck Long Muni ETF (BATS:MLN)

Colonial Trust Co SC purchased a new position in shares of VanEck Long Muni ETF (BATS:MLN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,397 shares of the company’s stock, valued at approximately $78,000.

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

VanEck Long Muni ETF Trading Down 2.5 %

Shares of MLN stock opened at $17.09 on Friday. VanEck Long Muni ETF has a 1 year low of $16.08 and a 1 year high of $18.34. The business’s fifty day moving average is $17.17 and its 200-day moving average is $17.63.

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.