Benjamin F. Edwards & Company Inc. Invests $2.16 Million in VanEck Long Muni ETF (BATS:MLN)

Benjamin F. Edwards & Company Inc. purchased a new position in shares of VanEck Long Muni ETF (BATS:MLN) during the fourth quarter, HoldingsChannel reports. The firm purchased 118,250 shares of the company’s stock, valued at approximately $2,158,000.

A number of other hedge funds also recently modified their holdings of the business. Benjamin Edwards Inc. bought a new position in VanEck Long Muni ETF during the fourth quarter worth $31,000. Versant Capital Management Inc raised its stake in VanEck Long Muni ETF by 171.0% during the fourth quarter. Versant Capital Management Inc now owns 3,488 shares of the company’s stock worth $64,000 after buying an additional 2,201 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in VanEck Long Muni ETF during the third quarter worth $121,000. Redhawk Wealth Advisors Inc. bought a new stake in VanEck Long Muni ETF in the fourth quarter valued at $200,000. Finally, Collective Family Office LLC bought a new stake in VanEck Long Muni ETF in the fourth quarter valued at $206,000.

VanEck Long Muni ETF Stock Up 0.4 %

MLN opened at $17.79 on Friday. The firm has a fifty day moving average of $17.88 and a two-hundred day moving average of $17.71.

VanEck Long Muni ETF Company 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.