Sykon Capital LLC Invests $2.47 Million in VanEck Long Muni ETF (BATS:MLN)

Sykon Capital LLC acquired a new stake in VanEck Long Muni ETF (BATS:MLN) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 135,454 shares of the company’s stock, valued at approximately $2,472,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its position in VanEck Long Muni ETF by 69.4% during the third quarter. Bank of New York Mellon Corp now owns 1,449,861 shares of the company’s stock worth $24,227,000 after acquiring an additional 594,092 shares in the last quarter. Willis Johnson & Associates Inc. bought a new stake in shares of VanEck Long Muni ETF in the 4th quarter valued at about $7,061,000. Brown Wealth Management LLC acquired a new stake in VanEck Long Muni ETF in the 3rd quarter valued at about $5,232,000. Townsquare Capital LLC bought a new position in VanEck Long Muni ETF during the third quarter worth about $5,232,000. Finally, Raymond James & Associates increased its position in VanEck Long Muni ETF by 18.0% during the third quarter. Raymond James & Associates now owns 1,878,816 shares of the company’s stock worth $31,395,000 after buying an additional 287,123 shares during the last quarter.

VanEck Long Muni ETF Stock Up 0.4 %

Shares of MLN traded up $0.07 during mid-day trading on Friday, reaching $17.79. The company’s stock had a trading volume of 107,325 shares. The business’s fifty day moving average price is $17.88 and its 200-day moving average price is $17.71.

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.