VanEck Vectors AMT-Free Long Muni ETF (NYSEARCA:MLN) Receives Buy Rating from Noble Financial

Noble Financial reissued their buy rating on shares of VanEck Vectors AMT-Free Long Muni ETF (NYSEARCA:MLN) in a report released on Friday, December 1st.

VanEck Vectors AMT-Free Long Muni ETF (NYSEARCA:MLN) traded up $0.05 during midday trading on Friday, hitting $20.23. 159,900 shares of the stock were exchanged, compared to its average volume of 49,752. VanEck Vectors AMT-Free Long Muni ETF has a 1-year low of $19.01 and a 1-year high of $20.43.

The business also recently declared a monthly dividend, which was paid on Thursday, December 7th. Stockholders of record on Monday, December 4th were given a $0.0479 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Friday, December 1st.

A hedge fund recently raised its stake in VanEck Vectors AMT-Free Long Muni ETF stock. Jane Street Group LLC lifted its stake in VanEck Vectors AMT-Free Long Muni ETF (NYSEARCA:MLN) by 31.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,364 shares of the company’s stock after acquiring an additional 25,877 shares during the period. Jane Street Group LLC owned approximately 1.26% of VanEck Vectors AMT-Free Long Muni ETF worth $2,144,000 at the end of the most recent reporting period.

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About VanEck Vectors AMT-Free Long Muni ETF

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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