VanEck Long Muni ETF $MLN Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of VanEck Long Muni ETF (BATS:MLN) by 26.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 304,019 shares of the company’s stock after selling 111,825 shares during the period. JPMorgan Chase & Co.’s holdings in VanEck Long Muni ETF were worth $5,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MLN. Wellington Management Group LLP purchased a new position in VanEck Long Muni ETF in the third quarter valued at $28,681,000. Jane Street Group LLC lifted its holdings in VanEck Long Muni ETF by 291.0% during the 2nd quarter. Jane Street Group LLC now owns 1,863,224 shares of the company’s stock worth $31,470,000 after buying an additional 1,386,685 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in VanEck Long Muni ETF by 41.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,253,697 shares of the company’s stock worth $74,355,000 after buying an additional 1,254,711 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of VanEck Long Muni ETF by 37.5% during the 3rd quarter. Raymond James Financial Inc. now owns 2,720,172 shares of the company’s stock worth $47,549,000 after acquiring an additional 742,038 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of VanEck Long Muni ETF by 17.2% during the 2nd quarter. Bank of America Corp DE now owns 2,849,992 shares of the company’s stock worth $48,136,000 after acquiring an additional 418,415 shares in the last quarter.

VanEck Long Muni ETF Trading Up 0.2%

MLN opened at $17.47 on Thursday. VanEck Long Muni ETF has a one year low of $16.08 and a one year high of $17.82. The business’s 50-day simple moving average is $17.55 and its 200-day simple moving average is $17.57.

VanEck Long Muni ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.0509 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.