VanEck Vectors Long Municipal Index ETF (NYSEARCA:MLN) Stock Passes Above 50 Day Moving Average of $21.20

Shares of VanEck Vectors Long Municipal Index ETF (NYSEARCA:MLN) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.20 and traded as high as $21.21. VanEck Vectors Long Municipal Index ETF shares last traded at $21.13, with a volume of 3,751 shares traded.

The company’s 50-day simple moving average is $21.20 and its 200-day simple moving average is $20.78.

Several institutional investors and hedge funds have recently made changes to their positions in MLN. Rehmann Capital Advisory Group increased its holdings in shares of VanEck Vectors Long Municipal Index ETF by 42,096.9% during the first quarter. Rehmann Capital Advisory Group now owns 13,503 shares of the company’s stock worth $274,000 after purchasing an additional 13,471 shares during the period. Meridian Wealth Management LLC bought a new position in shares of VanEck Vectors Long Municipal Index ETF during the second quarter worth approximately $211,000. Confluence Investment Management LLC increased its holdings in shares of VanEck Vectors Long Municipal Index ETF by 2.1% during the second quarter. Confluence Investment Management LLC now owns 464,588 shares of the company’s stock worth $9,645,000 after purchasing an additional 9,569 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of VanEck Vectors Long Municipal Index ETF during the second quarter worth approximately $203,000. Finally, Advisor Group Inc. increased its holdings in shares of VanEck Vectors Long Municipal Index ETF by 168.3% during the second quarter. Advisor Group Inc. now owns 35,436 shares of the company’s stock worth $736,000 after purchasing an additional 22,226 shares during the period.

About VanEck Vectors Long Municipal Index ETF (NYSEARCA:MLN)

Market Vectors Long Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Long Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more.

Read More: Momentum Indicator: Relative Strength Index

Receive News & Ratings for VanEck Vectors Long Municipal Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Vectors Long Municipal Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.