VanEck CEF Muni Income ETF (BATS:XMPT) Shares Down 0.4% – Should You Sell?

VanEck CEF Muni Income ETF (BATS:XMPT) shares dropped 0.4% during trading on Monday. The stock traded as low as $19.09 and last traded at $19.16. Approximately 38,426 shares were traded during mid-day trading, a decline of 35% from the average session volume of 59,221 shares. The stock had previously closed at $19.24.

VanEck CEF Muni Income ETF Trading Down 0.4%

The firm has a 50-day simple moving average of $20.61 and a 200 day simple moving average of $21.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of VanEck CEF Muni Income ETF by 0.3% in the 1st quarter. Bank of America Corp DE now owns 489,769 shares of the company’s stock valued at $10,530,000 after acquiring an additional 1,258 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in VanEck CEF Muni Income ETF by 9.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 16,139 shares of the company’s stock valued at $361,000 after purchasing an additional 1,436 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of VanEck CEF Muni Income ETF during the 2nd quarter valued at about $51,000. International Assets Investment Management LLC acquired a new position in VanEck CEF Muni Income ETF in the first quarter valued at approximately $54,000. Finally, NewEdge Advisors LLC purchased a new position in shares of VanEck CEF Muni Income ETF during the 2nd quarter valued at approximately $57,000.

About VanEck CEF Muni Income ETF

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.