Kestra Advisory Services LLC Acquires 1,216,206 Shares of VanEck Long Muni ETF $MLN

Kestra Advisory Services LLC boosted its stake in VanEck Long Muni ETF (BATS:MLN) by 432.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,497,269 shares of the company’s stock after acquiring an additional 1,216,206 shares during the quarter. Kestra Advisory Services LLC owned 4.69% of VanEck Long Muni ETF worth $24,443,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in VanEck Long Muni ETF during the third quarter worth $25,000. Western Wealth Management LLC acquired a new stake in shares of VanEck Long Muni ETF in the first quarter valued at about $31,000. Ascentis Independent Advisors acquired a new stake in shares of VanEck Long Muni ETF in the first quarter valued at about $88,000. Glen Eagle Advisors LLC purchased a new stake in shares of VanEck Long Muni ETF during the first quarter worth about $91,000. Finally, Latitude Advisors LLC purchased a new stake in shares of VanEck Long Muni ETF during the third quarter worth about $98,000.

VanEck Long Muni ETF Price Performance

MLN stock opened at $17.07 on Friday. VanEck Long Muni ETF has a 52 week low of $16.04 and a 52 week high of $17.82. The firm has a 50-day simple moving average of $16.65 and a 200-day simple moving average of $17.33.

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.