Hedeker Wealth LLC Reduces Stock Holdings in VanEck Long Muni ETF (BATS:MLN)

Hedeker Wealth LLC lowered its position in VanEck Long Muni ETF (BATS:MLN) by 36.6% in the first quarter, HoldingsChannel reports. The firm owned 44,174 shares of the company’s stock after selling 25,455 shares during the period. Hedeker Wealth LLC’s holdings in VanEck Long Muni ETF were worth $796,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in VanEck Long Muni ETF by 10.4% in the third quarter. Envestnet Asset Management Inc. now owns 482,701 shares of the company’s stock valued at $8,066,000 after buying an additional 45,614 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in VanEck Long Muni ETF by 5.4% in the third quarter. Rehmann Capital Advisory Group now owns 14,572 shares of the company’s stock valued at $243,000 after buying an additional 747 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in VanEck Long Muni ETF by 43.8% in the third quarter. Baker Avenue Asset Management LP now owns 51,552 shares of the company’s stock valued at $861,000 after buying an additional 15,700 shares during the last quarter. Townsquare Capital LLC acquired a new position in VanEck Long Muni ETF in the third quarter valued at about $5,232,000. Finally, Elmwood Wealth Management Inc. acquired a new position in VanEck Long Muni ETF in the third quarter valued at about $3,017,000.

VanEck Long Muni ETF Stock Performance

Shares of MLN traded up $0.06 during mid-day trading on Wednesday, hitting $17.83. 200,742 shares of the company’s stock were exchanged. The company has a fifty day moving average of $17.84 and a 200-day moving average of $17.94.

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.