CX Institutional increased its stake in shares of VanEck Intermediate Muni ETF (BATS:ITM – Free Report) by 7.4% in the third quarter, HoldingsChannel reports. The firm owned 572,494 shares of the company’s stock after buying an additional 39,346 shares during the quarter. CX Institutional’s holdings in VanEck Intermediate Muni ETF were worth $25,190,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ITM. Blue Trust Inc. boosted its stake in shares of VanEck Intermediate Muni ETF by 96.0% during the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after purchasing an additional 310 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of VanEck Intermediate Muni ETF during the second quarter valued at approximately $53,000. International Assets Investment Management LLC boosted its position in VanEck Intermediate Muni ETF by 67.9% during the first quarter. International Assets Investment Management LLC now owns 1,204 shares of the company’s stock worth $56,000 after acquiring an additional 487 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in VanEck Intermediate Muni ETF during the second quarter worth approximately $67,000. Finally, Continuum Advisory LLC purchased a new stake in VanEck Intermediate Muni ETF in the 2nd quarter worth approximately $123,000.
VanEck Intermediate Muni ETF Stock Up 0.0%
ITM traded up $0.01 during midday trading on Friday, hitting $44.15. The company’s stock had a trading volume of 1,705,299 shares, compared to its average volume of 356,105. The firm has a 50-day moving average price of $45.43 and a two-hundred day moving average price of $46.26. VanEck Intermediate Muni ETF has a 52-week low of $43.58 and a 52-week high of $48.02.
VanEck Intermediate Muni ETF Company Profile
The VanEck Intermediate Muni ETF (ITM) 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 6-17 years. ITM was launched on Dec 4, 2007 and is managed by VanEck.
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