VanEck Long Muni ETF (BATS:MLN) Shares Sold by CFO4Life Group LLC

CFO4Life Group LLC cut its holdings in shares of VanEck Long Muni ETF (BATS:MLN) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,630 shares of the company’s stock after selling 5,850 shares during the period. CFO4Life Group LLC owned about 0.17% of VanEck Long Muni ETF worth $750,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in shares of VanEck Long Muni ETF by 20.9% during the first quarter. Commonwealth Equity Services LLC now owns 49,489 shares of the company’s stock valued at $891,000 after acquiring an additional 8,553 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in shares of VanEck Long Muni ETF during the fourth quarter worth about $200,000. AlphaQ Advisors LLC lifted its position in shares of VanEck Long Muni ETF by 272.1% during the fourth quarter. AlphaQ Advisors LLC now owns 158,683 shares of the company’s stock worth $2,896,000 after purchasing an additional 116,036 shares during the last quarter. Westside Investment Management Inc. bought a new position in shares of VanEck Long Muni ETF during the fourth quarter worth about $477,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of VanEck Long Muni ETF during the fourth quarter worth about $126,000.

VanEck Long Muni ETF Stock Performance

Shares of MLN stock traded up $0.07 during trading hours on Friday, hitting $18.01. 204,696 shares of the company were exchanged. The firm has a 50 day moving average price of $17.87 and a 200-day moving average price of $17.93.

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.