Lincoln National Corp Invests $3.65 Million in VanEck Long Muni ETF (BATS:MLN)

Lincoln National Corp bought a new stake in shares of VanEck Long Muni ETF (BATS:MLN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 200,230 shares of the company’s stock, valued at approximately $3,654,000.

Several other hedge funds also recently bought and sold shares of the company. Avidian Wealth Solutions LLC raised its position in shares of VanEck Long Muni ETF by 7.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 705,320 shares of the company’s stock valued at $12,872,000 after buying an additional 46,481 shares during the last quarter. Sykon Capital LLC purchased a new stake in VanEck Long Muni ETF in the 4th quarter worth $2,472,000. Benjamin F. Edwards & Company Inc. purchased a new stake in VanEck Long Muni ETF in the 4th quarter worth $2,158,000. Benjamin Edwards Inc. bought a new position in shares of VanEck Long Muni ETF during the 4th quarter valued at about $31,000. Finally, VCI Wealth Management LLC purchased a new position in shares of VanEck Long Muni ETF during the fourth quarter valued at about $3,057,000.

VanEck Long Muni ETF Trading Up 0.5 %

Shares of MLN stock traded up $0.09 during trading hours on Tuesday, hitting $17.92. The stock had a trading volume of 121,772 shares. The business has a 50 day simple moving average of $17.88 and a 200-day simple moving average of $17.73.

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.