Foster & Motley Inc. Trims Stake in VanEck Long Muni ETF (BATS:MLN)

Foster & Motley Inc. lowered its position in VanEck Long Muni ETF (BATS:MLN) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,780 shares of the company’s stock after selling 3,419 shares during the quarter. Foster & Motley Inc.’s holdings in VanEck Long Muni ETF were worth $306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of VanEck Long Muni ETF by 171.0% in the fourth quarter. Versant Capital Management Inc now owns 3,488 shares of the company’s stock valued at $64,000 after acquiring an additional 2,201 shares during the period. Private Trust Co. NA increased its stake in VanEck Long Muni ETF by 309.3% in the 3rd quarter. Private Trust Co. NA now owns 3,884 shares of the company’s stock worth $65,000 after buying an additional 2,935 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new position in VanEck Long Muni ETF in the 3rd quarter worth about $121,000. Redhawk Wealth Advisors Inc. purchased a new position in VanEck Long Muni ETF in the 4th quarter worth about $200,000. Finally, Collective Family Office LLC purchased a new position in VanEck Long Muni ETF in the 4th quarter worth about $206,000.

VanEck Long Muni ETF Trading Down 0.1 %

MLN stock opened at $17.72 on Thursday. The business has a 50 day moving average of $17.92 and a 200-day moving average of $17.66.

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.