Noble Financial reaffirmed their buy rating on shares of VanEck Vectors AMT-Free Long Muni ETF (NYSEARCA:MLN) in a research report sent to investors on Friday morning.

VanEck Vectors AMT-Free Long Muni ETF (MLN) traded up $0.09 during mid-day trading on Friday, hitting $20.11. 163,800 shares of the stock traded hands, compared to its average volume of 49,467. VanEck Vectors AMT-Free Long Muni ETF has a 1 year low of $18.66 and a 1 year high of $20.35.

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, December 4th will be given a $0.0479 dividend. This represents a $0.57 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, December 1st.

An institutional investor recently raised its position in VanEck Vectors AMT-Free Long Muni ETF stock. Jane Street Group LLC raised its position in shares of VanEck Vectors AMT-Free Long Muni ETF (NYSEARCA:MLN) by 31.8% during the third quarter, according to its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

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VanEck Vectors AMT-Free Long Muni ETF Company Profile

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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