Manhattan West Asset Management LLC Cuts Holdings in VanEck Long Muni ETF $MLN

Manhattan West Asset Management LLC decreased its stake in VanEck Long Muni ETF (BATS:MLN) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 633,000 shares of the company’s stock after selling 119,053 shares during the period. VanEck Long Muni ETF comprises about 2.3% of Manhattan West Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Manhattan West Asset Management LLC’s holdings in VanEck Long Muni ETF were worth $11,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in shares of VanEck Long Muni ETF during the 3rd quarter worth $28,681,000. Jane Street Group LLC grew its position in VanEck Long Muni ETF by 291.0% in the second quarter. Jane Street Group LLC now owns 1,863,224 shares of the company’s stock worth $31,470,000 after acquiring an additional 1,386,685 shares in the last quarter. Envestnet Asset Management Inc. grew its position in VanEck Long Muni ETF by 41.8% in the third quarter. Envestnet Asset Management Inc. now owns 4,253,697 shares of the company’s stock worth $74,355,000 after acquiring an additional 1,254,711 shares in the last quarter. Raymond James Financial Inc. grew its position in VanEck Long Muni ETF by 37.5% in the third 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 grew its position in VanEck Long Muni ETF by 17.2% in the second 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 Down 0.3%

Shares of BATS:MLN opened at $17.58 on Friday. VanEck Long Muni ETF has a 52-week low of $16.50 and a 52-week high of $17.82. The firm has a fifty day moving average of $17.58 and a 200 day moving average of $17.59.

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.