VanEck Vectors Long Municipal Index ETF (NYSEARCA:MLN) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Shares of VanEck Vectors Long Municipal Index ETF (NYSEARCA:MLN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $20.76. VanEck Vectors Long Municipal Index ETF shares last traded at $20.73, with a volume of 3,589 shares traded.

The business’s 50-day moving average is $20.67.

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, June 4th were given a dividend of $0.0503 per share. This represents a $0.60 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Monday, June 3rd. This is a positive change from VanEck Vectors Long Municipal Index ETF’s previous monthly dividend of $0.05.

A number of institutional investors and hedge funds have recently modified their holdings of MLN. Kwmg LLC raised its position in VanEck Vectors Long Municipal Index ETF by 404.3% during the fourth quarter. Kwmg LLC now owns 6,097 shares of the company’s stock valued at $119,000 after acquiring an additional 4,888 shares in the last quarter. Apollon Wealth Management LLC bought a new position in VanEck Vectors Long Municipal Index ETF during the fourth quarter valued at approximately $268,000. Rehmann Capital Advisory Group raised its position in shares of VanEck Vectors Long Municipal Index ETF by 42,096.9% in the first quarter. Rehmann Capital Advisory Group now owns 13,503 shares of the company’s stock valued at $274,000 after purchasing an additional 13,471 shares during the period. Advisor Group Inc. raised its position in shares of VanEck Vectors Long Municipal Index ETF by 72.7% in the fourth quarter. Advisor Group Inc. now owns 14,108 shares of the company’s stock valued at $276,000 after purchasing an additional 5,940 shares during the period. Finally, Tortoise Investment Management LLC raised its position in shares of VanEck Vectors Long Municipal Index ETF by 22.4% in the first quarter. Tortoise Investment Management LLC now owns 13,648 shares of the company’s stock valued at $277,000 after purchasing an additional 2,500 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.

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